shopkeeper purchases the goods of Rs 2000 at 20% discount.if he sold at Rs 600 less than its marked price.Find its profit or loss percentage

Question

shopkeeper purchases the goods of Rs 2000 at 20% discount.if he sold at Rs 600 less than its marked price.Find its profit or loss percentage.​

in progress 0
Genesis 1 week 2021-10-11T19:31:55+00:00 1 Answer 0

Answers ( )

    0
    2021-10-11T19:33:49+00:00

    Answer:

    5% loss

    Step-by-step explanation:

    2000 is the cost price of the shopkeeper. This is after a 20% discount, so the before-discount price would be:

    20% reduced of what number is 2000?

    We let that price be x, so we can write an equation and solve:

    x – 20% of x = 2000

    Note: 20% = 20/100 = 0.2

    So,

    x – 0.2x = 2000

    0.8x = 2000

    x = 2000/0.8

    x = 2500

    Now, if he were to sell for 600 less, that would be:

    2500 – 600 = 1900

    That would be a 2000 – 1900 = 100 LOSS

    To find as a percentage, we use the formula:

    \frac{New-Old}{Old}*100

    Where

    New = 1900

    Old = 2000 (original cost)

    Substituting, we find the percentage:

    \frac{New-Old}{Old}*100\\\frac{1900-2000}{2000}*100\\=0.05*100\\=5

    So, that’s a 5% loss

Leave an answer

Browse
Browse

27:3+15-4x7+3-1=? ( )