127k views
1 vote
What is the discount percentage if the cp of a saree is 3000rs and the seller makes a profit of 5 percentage by selling it and the marked price of the saree is 3500rs?

User Mehdi Zare
by
8.2k points

1 Answer

4 votes

Final answer:

The seller gains a 5% profit on the saree by selling it at 3150 INR, which is 150 INR above the cost price. The marked price is 3500 INR, so the discount offered is 350 INR. The discount percentage is therefore calculated to be 10%.

Step-by-step explanation:

To calculate the discount percentage, we first need to determine the selling price (SP) of the saree, which includes a 5% profit over the cost price (CP). Given that the CP is 3000 INR and the profit percentage is 5%, we can calculate the SP as follows:

Profit = (Profit Percentage/100) × CP

Profit = (5/100) × 3000

Profit = 150 INR

Therefore, SP = CP + Profit

SP = 3000 + 150

SP = 3150 INR

Now, to find the discount, we take the marked price (MP) and subtract the SP:

Discount = MP - SP

Discount = 3500 - 3150

Discount = 350 INR

To find the discount percentage, we use the formula:

Discount Percentage = (Discount/MP) × 100

Discount Percentage = (350/3500) × 100

Discount Percentage = 10%

Thus, the discount percentage offered on the saree is 10%.

User Pieter Van Wyk
by
8.5k points

Related questions

asked Nov 26, 2024 52.2k views
Gallagher asked Nov 26, 2024
by Gallagher
8.1k points
1 answer
1 vote
52.2k views
asked May 14, 2024 201k views
Rajat S asked May 14, 2024
by Rajat S
7.5k points
1 answer
0 votes
201k views
asked Jan 15, 2021 146k views
Joe Sasson asked Jan 15, 2021
by Joe Sasson
7.9k points
1 answer
3 votes
146k views