Question
Download Solution PDFThe given bar graph shows the marked price of five different products in a showroom.
If the marked price of the laptop is 15% more than cost price and the shopkeeper offers a discount of 10% on the marked price of the laptop, then find the profit % of the laptop.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked price of laptop (MP) = ₹15,000
Cost price (CP) = MP ÷ 1.15
Discount on MP = 10%
Selling price (SP) = MP - 10% of MP
Formula used:
Profit % = ((SP - CP) ÷ CP) × 100
Calculation:
CP = 15000 ÷ 1.15 = ₹13,043.48
SP = 15000 - 1500 = ₹13,500
⇒ Profit % = ((13500 - 13043.48) ÷ 13043.48) × 100
⇒ Profit % ≈ 3.5%
∴ The profit percentage on the laptop is 3.5%.
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