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A company manufactured a pair of shoes for Rs. 2000 and sold it to a dealer at a profit of 12.5%. The dealer further sold it to a customer at Rs. 2700. What is the profit percentage of the dealer?1). 10%2). 20%3). 30%4). 40% |
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Answer» ORIGINAL price of shoes = RS. 2000 Profit of company = 12.5% ⇒ Price for dealer = 2000 + 12.5% of 2000 = 2000 + 1/8 × 2000 = 2000 + 250 = Rs. 2250 But, selling price of dealer = Rs. 2700 ⇒ Profit earned by dealer = 2700 - 2250 = Rs. 450 ∴ Profit PERCENTAGE of dealer = 450/2250 × 100 = 20% |
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