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If the marked price of an article is 13% more than CP and a shopkeeper allows a discount of 10%. Find the profit/loss percentage?
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If the marked price of an article is 13% more than CP and a shopkeeper...
Profit/Loss Percentage Calculation:
To find the profit/loss percentage, we need to first calculate the selling price (SP) and then use the formula:
Profit/Loss Percentage = ((SP - CP) / CP) * 100
Given Information:
- Marked Price (MP) = 13% more than Cost Price (CP)
- Discount = 10%
Calculating Selling Price (SP):
The selling price (SP) can be calculated by subtracting the discount from the marked price (MP).
Discount = 10% of MP
SP = MP - Discount
SP = MP - (10/100) * MP
SP = MP - (1/10) * MP
SP = (9/10) * MP
Calculating Marked Price (MP):
We are given that the marked price (MP) is 13% more than the cost price (CP).
MP = CP + 13% of CP
MP = CP + (13/100) * CP
MP = (113/100) * CP
Substituting this value of MP in the equation for SP, we get:
SP = (9/10) * (113/100) * CP
SP = (1027/1000) * CP
Calculating Profit/Loss Percentage:
Using the formula for profit/loss percentage:
Profit/Loss Percentage = ((SP - CP) / CP) * 100
Profit/Loss Percentage = (((1027/1000) * CP) - CP) / CP * 100
Profit/Loss Percentage = ((27/1000) * CP) / CP * 100
Profit/Loss Percentage = (27/1000) * 100
Profit/Loss Percentage = 2.7%
Conclusion:
The profit/loss percentage in this scenario is 2.7%. This means that the shopkeeper is making a profit of 2.7% on the cost price of the article after offering a discount of 10% to the customers.
To find the profit/loss percentage, we need to first calculate the selling price (SP) and then use the formula:
Profit/Loss Percentage = ((SP - CP) / CP) * 100
Given Information:
- Marked Price (MP) = 13% more than Cost Price (CP)
- Discount = 10%
Calculating Selling Price (SP):
The selling price (SP) can be calculated by subtracting the discount from the marked price (MP).
Discount = 10% of MP
SP = MP - Discount
SP = MP - (10/100) * MP
SP = MP - (1/10) * MP
SP = (9/10) * MP
Calculating Marked Price (MP):
We are given that the marked price (MP) is 13% more than the cost price (CP).
MP = CP + 13% of CP
MP = CP + (13/100) * CP
MP = (113/100) * CP
Substituting this value of MP in the equation for SP, we get:
SP = (9/10) * (113/100) * CP
SP = (1027/1000) * CP
Calculating Profit/Loss Percentage:
Using the formula for profit/loss percentage:
Profit/Loss Percentage = ((SP - CP) / CP) * 100
Profit/Loss Percentage = (((1027/1000) * CP) - CP) / CP * 100
Profit/Loss Percentage = ((27/1000) * CP) / CP * 100
Profit/Loss Percentage = (27/1000) * 100
Profit/Loss Percentage = 2.7%
Conclusion:
The profit/loss percentage in this scenario is 2.7%. This means that the shopkeeper is making a profit of 2.7% on the cost price of the article after offering a discount of 10% to the customers.
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If the marked price of an article is 13% more than CP and a shopkeeper allows a discount of 10%. Find the profit/loss percentage?
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If the marked price of an article is 13% more than CP and a shopkeeper allows a discount of 10%. Find the profit/loss percentage? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about If the marked price of an article is 13% more than CP and a shopkeeper allows a discount of 10%. Find the profit/loss percentage? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the marked price of an article is 13% more than CP and a shopkeeper allows a discount of 10%. Find the profit/loss percentage?.
If the marked price of an article is 13% more than CP and a shopkeeper allows a discount of 10%. Find the profit/loss percentage? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about If the marked price of an article is 13% more than CP and a shopkeeper allows a discount of 10%. Find the profit/loss percentage? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the marked price of an article is 13% more than CP and a shopkeeper allows a discount of 10%. Find the profit/loss percentage?.
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