1.

Sanny went shopping and buy an umbrella of Rs. 3000 and sold an umbrella to Rohit with after marking an umbrella 20% above the cost price then Rohit sold at Rs. 4000 to Sohan, then what will be the profit percentage of Rohit?1. 11.11%2. 12.5%3. 16.66%4. 20%

Answer» Correct Answer - Option 1 : 11.11%

Given:

The cost price of an umbrella for Sanny = Rs. 3000

The selling price of Rohit = Rs. 4000

Formula used:

Markup price = (cost price) × (100 + % above)/100

Profit = Selling price – Cost price

Profit percentage = (Profit/cost price) × 100

Calculation:

The cost price of Rohit = the markup price of an umbrella for Sanny

⇒ The cost price of Rohit = the cost price of an umbrella for Sanny × (100 + % above)/100

⇒ The cost price of Rohit = 3000 × (100 + 20)/100

⇒ The cost price of Rohit = 30 × 120

⇒ The cost price of Rohit = Rs. 3600

Profit for Rohit = Selling price of an umbrella for Rohit – Cost price of an umbrella for Rohit

⇒ Profit for Rohit = 4000 – 3600

⇒ Profit for Rohit = 400

The profit percentage of Rohit = (400/3600) × 100

⇒ The profit percentage of Rohit = 100/9

⇒ The profit percentage of Rohit = 11.11%

The profit percentage of Rohit is 11.11%. 



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