A customer saves Rs400 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs1200.Then find the profit percent of shopkeeper?

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Solution

Let the market price of article be $M$
According to question $\frac{1}{5} M = 400$
so M=2000
So Sale price = $2000 - 400 = 1600$
His Cost Price = $1200$
So, Profit %= $33.33$ %

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A customer saves Rs400 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs1200.Then find the profit percent of shopkeeper?

Let the market price of article be MAccording to question 15M=400so M=2000So Sale price = 2000−400=1600His Cost Price = 1200So, Profit %= 33.33%

Let the market price of article be $M$
According to question $\frac{1}{5} M = 400$
so M=2000
So Sale price = $2000 - 400 = 1600$
His Cost Price = $1200$
So, Profit %= $33.33$ %