Question

The marked price of a vacuum cleaner is 20% more than the CP. It is sold at a discount of 7%. If the Marked price is ₹8000, then find the selling price, profit and profit percentage.

Answer 1

Let the cost price be Rs. x
It's marked price is 20% more than x ie 8000.
Therefore,$x+\frac{20}{100}\times x$ =8000
$x(1+0.2)=8000$
$\therefore x=\frac{8000}{1.2}$
$=Rs.6666.67$

It's selling price is 7% less than marked price, therefore
S.P = 8000-$\frac{7\times 8000}{100}$
$=8000-560=Rs.7440$

Profit = SP - CP $=7440-6666.67$
$=Rs.773.33$

Profit % =(SP-CP)×100÷ CP
=(773.33×100)÷6666.67
=11.59%