A chair is bought by a trader for Rs. 7,200 at 20% discount on its marked price. If he sells it at 16% discount on its marked price, find the profit percent made in the whole transaction.

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Solution

Let the original Marked price = $R s x$
After $20 %$ discount, the trader buys for $0.8 \times x = R s 7, 200$
$\Rightarrow x = R s 9, 000$
And if Selling Price $= R s \frac{84}{100} \times 9, 000 = R s 7, 560$ (that is at $16 %$ discount on the marked price ),
then, Profit % $= \frac{S . P - C . P .}{C . P .} \times 100 = \frac{7, 560 - 7, 200}{7, 200} \times 100 = 5$

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A chair is bought by a trader for Rs. 7,200 at 20% discount on its marked price. If he sells it at 16% discount on its marked price, find the profit percent made in the whole transaction.

Let the original Marked price = RsxAfter 20% discount, the trader buys for 0.8×x=Rs7,200⇒x=Rs9,000 And if Selling Price =Rs84100×9,000=Rs7,560 (that is at 16% discount on the marked price ), then, Profit % =S.P−C.P.C.P.×100=7,560−7,2007,200×100=5