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A shopkeeper sold good for. 1800 and made a profit of 20% in the process find his profit. pecent. if he had sold his goods for 1687.5?
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A shopkeeper sold good for. 1800 and made a profit of 20% in the proce...
To determine the shopkeeper's profit percentage when selling goods for ₹1687.5, we first need to establish a few key figures based on the original sale at ₹1800 with a 20% profit.
Initial Profit Calculation
- Selling Price (SP) = ₹1800
- Profit Percentage = 20%
To find the Cost Price (CP), we can use the formula:
- CP = SP / (1 + Profit Percentage)
Calculating the Cost Price:
- CP = 1800 / (1 + 0.20)
- CP = 1800 / 1.20
- CP = ₹1500
New Selling Price and Profit Calculation
Now, let’s consider the new selling price of ₹1687.5.
1. **New Selling Price (SP)**: ₹1687.5
2. **Cost Price (CP)**: ₹1500 (as calculated earlier)
We can now calculate the profit made on this new selling price:
- Profit = SP - CP
- Profit = 1687.5 - 1500
- Profit = ₹187.5
Profit Percentage Calculation
To find the profit percentage based on the new selling price:
- Profit Percentage = (Profit / CP) × 100
Substituting the values:
- Profit Percentage = (187.5 / 1500) × 100
- Profit Percentage = 0.125 × 100
- Profit Percentage = 12.5%
Final Summary
- When the shopkeeper sells goods for ₹1687.5, he makes a profit of ₹187.5.
- The profit percentage in this case is 12.5%.
This analysis illustrates how altering the selling price affects the overall profit and profit percentage in retail.
Initial Profit Calculation
- Selling Price (SP) = ₹1800
- Profit Percentage = 20%
To find the Cost Price (CP), we can use the formula:
- CP = SP / (1 + Profit Percentage)
Calculating the Cost Price:
- CP = 1800 / (1 + 0.20)
- CP = 1800 / 1.20
- CP = ₹1500
New Selling Price and Profit Calculation
Now, let’s consider the new selling price of ₹1687.5.
1. **New Selling Price (SP)**: ₹1687.5
2. **Cost Price (CP)**: ₹1500 (as calculated earlier)
We can now calculate the profit made on this new selling price:
- Profit = SP - CP
- Profit = 1687.5 - 1500
- Profit = ₹187.5
Profit Percentage Calculation
To find the profit percentage based on the new selling price:
- Profit Percentage = (Profit / CP) × 100
Substituting the values:
- Profit Percentage = (187.5 / 1500) × 100
- Profit Percentage = 0.125 × 100
- Profit Percentage = 12.5%
Final Summary
- When the shopkeeper sells goods for ₹1687.5, he makes a profit of ₹187.5.
- The profit percentage in this case is 12.5%.
This analysis illustrates how altering the selling price affects the overall profit and profit percentage in retail.
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A shopkeeper sold good for. 1800 and made a profit of 20% in the process find his profit. pecent. if he had sold his goods for 1687.5?
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A shopkeeper sold good for. 1800 and made a profit of 20% in the process find his profit. pecent. if he had sold his goods for 1687.5? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A shopkeeper sold good for. 1800 and made a profit of 20% in the process find his profit. pecent. if he had sold his goods for 1687.5? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper sold good for. 1800 and made a profit of 20% in the process find his profit. pecent. if he had sold his goods for 1687.5?.
A shopkeeper sold good for. 1800 and made a profit of 20% in the process find his profit. pecent. if he had sold his goods for 1687.5? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A shopkeeper sold good for. 1800 and made a profit of 20% in the process find his profit. pecent. if he had sold his goods for 1687.5? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper sold good for. 1800 and made a profit of 20% in the process find his profit. pecent. if he had sold his goods for 1687.5?.
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