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A merchant fixes the sale price of his goods at 15% above the cost price. He sells his goods at 12% less than the fixed price. His percentage of profit is : |
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Answer» ▪ A merchant FIXES the sale price of his GOODS at 15% above the cost price . He sells his goods at 12% less than the fixed price. His percentage PROFIT is ?? Since, it's given in the question that the merchant fixes its goods at 15% above the cost price.. Then, ➡marked price ( M.P.) = 100 + 100*15/100 = 100 + 15 = Rs. 115 ▪ ACCORDING to the question... Discount % = 12% Discount = M.P. * discount % ➡ discount = 115 * 12/ 100 = Rs. 13.8 _______________________ • Selling Price = marked price - discount ➡ S.P. = Rs. 115 - Rs. 13.8 ➡ S.P. = Rs. 101.2 _______________________ • Profit = S.P. - C.P. ➡ Profit = Rs. 101.2 - Rs.100 ➡ Profit = Rs. 1.2 ____________________ ▪ Profit % = (profit/C.P.)*100 ➡ Profit % = ( 1.2/100)*100 ➡ Profit % = 1.2% |
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