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A businessman marks his goods at 30% above the cost price . then ,he sells them at a discount of 15% . find profit %?
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A businessman marks his goods at 30% above the cost price . then ,he s...
Calculation of Profit Percentage
To calculate the profit percentage, we need to follow the below-given steps:
1. Find the selling price of the goods.
2. Calculate the profit earned by the businessman.
3. Divide the profit earned by the cost price.
4. Multiply the result by 100 to get the profit percentage.
Calculation of Selling Price
Let the cost price of the goods be Rs. 100.
The businessman marks the goods at 30% above the cost price, which means the selling price of the goods will be:
Selling Price = Cost Price + 30% of Cost Price
Selling Price = 100 + (30/100) * 100
Selling Price = Rs. 130
Calculation of Discount
The businessman sells the goods at a discount of 15%, which means the selling price of the goods will be:
Selling Price = Selling Price - 15% of Selling Price
Selling Price = 130 - (15/100) * 130
Selling Price = Rs. 110.50
Calculation of Profit
Profit = Selling Price - Cost Price
Profit = 110.50 - 100
Profit = Rs. 10.50
Calculation of Profit Percentage
Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = (10.50 / 100) * 100
Profit Percentage = 10.50%
Therefore, the businessman has earned a profit of 10.50% on the goods.
To calculate the profit percentage, we need to follow the below-given steps:
1. Find the selling price of the goods.
2. Calculate the profit earned by the businessman.
3. Divide the profit earned by the cost price.
4. Multiply the result by 100 to get the profit percentage.
Calculation of Selling Price
Let the cost price of the goods be Rs. 100.
The businessman marks the goods at 30% above the cost price, which means the selling price of the goods will be:
Selling Price = Cost Price + 30% of Cost Price
Selling Price = 100 + (30/100) * 100
Selling Price = Rs. 130
Calculation of Discount
The businessman sells the goods at a discount of 15%, which means the selling price of the goods will be:
Selling Price = Selling Price - 15% of Selling Price
Selling Price = 130 - (15/100) * 130
Selling Price = Rs. 110.50
Calculation of Profit
Profit = Selling Price - Cost Price
Profit = 110.50 - 100
Profit = Rs. 10.50
Calculation of Profit Percentage
Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = (10.50 / 100) * 100
Profit Percentage = 10.50%
Therefore, the businessman has earned a profit of 10.50% on the goods.
Community Answer
A businessman marks his goods at 30% above the cost price . then ,he s...
Let the cost price of the goods 100%.
If the Seller marks up his goods 30% above the cost price, the marked price of goods will be (100+30) = 130%.
If he allows a discount of 15% on marked price on cash payment it means that he sold his goods at 85% of marked price as we know discount is always given on MRP.
To find selling price, find 85% of marked price.
Selling price of his goods will be (130*85)/100 = 110.50%
% profit = (110.50 - 100) = 10.5%
If the Seller marks up his goods 30% above the cost price, the marked price of goods will be (100+30) = 130%.
If he allows a discount of 15% on marked price on cash payment it means that he sold his goods at 85% of marked price as we know discount is always given on MRP.
To find selling price, find 85% of marked price.
Selling price of his goods will be (130*85)/100 = 110.50%
% profit = (110.50 - 100) = 10.5%
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A businessman marks his goods at 30% above the cost price . then ,he sells them at a discount of 15% . find profit %?
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A businessman marks his goods at 30% above the cost price . then ,he sells them at a discount of 15% . find profit %? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about A businessman marks his goods at 30% above the cost price . then ,he sells them at a discount of 15% . find profit %? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A businessman marks his goods at 30% above the cost price . then ,he sells them at a discount of 15% . find profit %?.
A businessman marks his goods at 30% above the cost price . then ,he sells them at a discount of 15% . find profit %? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about A businessman marks his goods at 30% above the cost price . then ,he sells them at a discount of 15% . find profit %? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A businessman marks his goods at 30% above the cost price . then ,he sells them at a discount of 15% . find profit %?.
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