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A shopkeeper marks shirts at above cost price then allows a discount of . What is the profit or loss ?
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Q. A shopkeeper marks shirts at above cost price then allows a discount of . What is the profit or loss ?
- Assume Cost Price: Let's assume the cost price of the shirt is (it makes the math easier).
- Calculate Marked Price: First, calculate the marked price which is above the cost price. So, of is .
- Add Marked Price: Add the to the original cost price to get the marked price: .
- Calculate Discount: Now, the shopkeeper gives a discount on the marked price. of is .
- Subtract Discount: Subtract the discount from the marked price to find the selling price: .
- Find Profit/Loss Percentage: To find the profit or loss percentage, we compare the selling price to the cost price. The selling price is and the cost price was .
- Calculate Profit: Calculate the profit by subtracting the cost price from the selling price: .
- Calculate Profit Percentage: The profit percentage is the profit divided by the cost price, then multiplied by . So, .
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