Question

Mrs. Gurung allowed 10% discount on her fancy items to make 25% profit and sold a lady bag for Rs 5,085 with 13% VAT. Due to the excessive demands of her items, she decreased the discount percent by 2%. By how much was her profit percent increased?​

Answer 1

Her profit % was increased by 2.77%

Answer:

Solution Given:

discount =10%

profit =25%

S.P with 13% vat = Rs 5,085

S.P+Vat% of S.P= Rs 5,085

S.P(1+13%)=Rs 5,085

S.P=Rs 5,085/1.13

S.P =Rs 4,500

Again

M.P = S.P+discount% of M.P

M.P- discount% of M.P= Rs 4,500

M.P(1-10%)=Rs 4,500

M.P=Rs 4,500/0.9

M.P = Rs 5,000

Now

C.P= (S.P*100)/(1+profit%)

C.P=(4,500*100)/(100+25%)

C.P= Rs 3,600

Again

profit =S.P- C.P= Rs 4,500-Rs 3,600=Rs 900

Again

Due to the excessive demands of her items, she decreased the discount percent by 2%.

So,

New discount = 10%-2%=8%

New S.P= M.P -discount% of M.P

=M.P(1-discount%)

=Rs 5,000(1-8%)

=Rs 4,600

Again

Profit=S.P- C.P

New profit =Rs 4,600 - Rs 3,600=Rs 1,000

Profit% =profit/C.P*100%= 1000/3600*100=27.77%

Profit % increased =New profit%- profit%

=27.77-25

=2.77%