Question
Download Solution PDFA shopkeeper earns a profit of 25 percent on selling a radio at 15 percent discount on the Printed price. Finds the ratio of the Printed price and the cost price of the radio.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Profit = 25 Percent
Discount = 15 Percent
Formula:
MP/CP = (100 + Profit %)/(100 – Discount %)
MP = Printed Price
CP = Cost Price
Calculation:
We know that –
MP/CP = (100 + Profit %)/(100 – Discount %) ………. (1)
Put all given values in equation (1) then we gets
MP/CP = (100 + 25)/(100 – 15)
⇒ 125/85
⇒ 25/17
∴ The Ratio of the Printed price and cost price of radio will be 25 ∶ 17Last updated on Jun 7, 2025
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