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The Shopkeeper sold a laptop having it's cost price ₹25,000at a profit of 25%. Find the selling price? |
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Answer» Item X for a his selling price (SP).Let SP = xSince the question says that Profit is 25% of the selling price, we have:Profit = 25% SP = 0.25xNow, we already know that:Profit = SP - CostThis part is the catch. To find out how much Item X originally cost,Cost = SP - Profit = x - 0.25x = 0.75xNow that we know the original cost of Item X, we can easily calculate the Real profit % using this formula:= (Profit/Cost)*100= (0.25x/0.75x)*100= 33%And there you have it. Hope I explained it clear enough.70.9K viewsView upvotesView shares831Related Questions (More Answers Below)A shopkeeper sold an article at 20% profit of selling price. What is the real profit %?1,247 ViewsA shopkeeper earns a 20% profit on the selling price. What is his profit percentage on the cost price?1,800 ViewsBy selling an article, a man makes a profit of 25% of its selling price. What is the percent of the profit ?475 ViewsAn article is bought and sold with a profit of 25 percent of the selling price. What is the profit percent?959 ViewsIf a shopkeeper SELLS an article for 500 and gets a 25% profit, what is his cost price?4,373 ViewsTejash D Mehta, Team Lead - Strategic Accounts MANAGEMENT & Relati at eClinicalWorks (2013-present)Answered 3 years ago · Author has 351 answers and 1.6M answer viewsLet's see what we have here. A shopkeeper sold Item X for a his selling price (SP).Let SP = xSince the question says that Profit is 25% of the selling price, we have:Profit = 25% SP = 0.25xNow, we already know that:Profit = SP - CostThis part is the catch. To find out how much Item X originally cost,Cost = SP - Profit = x - 0.25x = 0.75xNow that we know the original cost of Item X, we can easily calculate the Real profit % using this formula:= (Profit/Cost)*100= (0.25x/0.75x)*100= 33%And there you have it. Hope I explained it clear enough.Answer COURTESY - Preetam Nath13.5K viewsView upvotes9Promoted by AstroTalkDo you believe in astrology, and why or why not?Puneet Gupta, Founder at AstroTalkUpdated 9 months agoI never used to believe in Astrology and would hate it when my parents would follow it. But as life is unpredictable, I ended up believing in it and became one of those. Below is my story: I often come across this question from my friends in a very astonishing way, “How come you into AstroContinue readingRudra Abhishek, lives in New DelhiAnswered 5 years agoLet the selling price be 100so profit = 25% of SP = 25Cost price = SP - profit= I 00 - 25 = 75Actual profit % =( profit/cost price) × 100= (25 / 75) × 100= 33.33 %45.7K viewsView upvotes702Sonu Khan, Works at www.groupoftutors.inAnswered 3 years ago · Author has 122 answers and 881.7K answer viewsEasiest trick to do it is-25% profit is on S.P. so the fraction is = 1/4 Where1= profit4=SPso CP should be 4–1 = 3Now if we calculate the real profile, it would be CALCULATED on CP.I.e. 1/3*100which is 33.33% or 33 1/3.13.5K viewsView upvotes29Related Questions (More Answers Below)An article is bought and sold at a profit of 10% of the selling price. What is the profit percent?455 ViewsA shopkeeper sold his article with 10% profit and used the WEIGHTS which are 20% less than the real legitimate weights. What is his total profit percentage?698 ViewsAn article is bought for Rs 300 and sold that for a profit of 25% of the selling price. What is the profit? |
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