Question
Download Solution PDFThe marked price of a desk is ₹7,725, which is 25% above the cost price. It is sold at a discount of 4% on the marked price. Find the profit percentage.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked Price (MP) = ₹7,725
Cost Price (CP) = MP / 1.25 = ₹7,725 / 1.25
Discount = 4% of MP
Selling Price (SP) = MP - Discount
Formula used:
Profit Percentage =
Calculation:
CP = ₹7,725 / 1.25
⇒ CP = ₹6,180
Discount = 4% of ₹7,725
⇒ Discount = ₹7,725 × 4 / 100
⇒ Discount = ₹309
SP = MP - Discount
⇒ SP = ₹7,725 - ₹309
⇒ SP = ₹7,416
Profit Percentage =
⇒ Profit Percentage =
⇒ Profit Percentage =
⇒ Profit Percentage = 20%
∴ The correct answer is option (3).
Last updated on Jul 21, 2025
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