Question

1)

A grocer fixed the price of his goods. 25% above the cost price. if he sold a box of noodles allowing 5% discount, find his profit percent.


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Answer 1

Let's say the cost price of the box of noodles is x.

The grocer fixed the selling price at 25% above the cost price, which means he sold it for 1.25x.

But he allowed a 5% discount, so the selling price becomes 0.95(1.25x) = 1.1875x.

Now, the profit is the difference between the selling price and the cost price: 1.1875x - x = 0.1875x.

The profit percent is calculated as (profit/cost price) x 100.

So, the profit percent is (0.1875x/x) x 100 = 18.75%.

Therefore, the grocer's profit percent is 18.75%.