Question

A shopkeeper makes a loss of $6\%$ by seiling a pair of jeans for $Rs564$. What will be his profit or loss per cent if he sells it for $Rs675$ ?

Answer 1

Let $x$ be the cost price of jeans.

Selling price of jeans $=Rs.564$

Therefore,

$x-\frac{6}{100}\times x=564$

$x(1-\frac{3}{50})=564$

$\Rightarrow x=\frac{564\times 50}{47}=600$

Thus the cost price of jeans is $Rs.600$.

Now, if the shopkeeper sell it for $Rs.675$,

Profit $=675-600=Rs.75$

Profit percent $=\frac{75}{600}\times 100=12.5\%$