Question

The Marked price of an article is rupees 5000 .This price is 25% above the cost price. If the article is sold by allowing 10% discount .Find the profit percent.

Note: Please show the process and explain as well.​

Answer 1

Answer: 13%

Explanation:

Step 1:

5000

10% of 5000=500

5% of 5000=250

25%=500+500+250= 1250 rupees

so...

5000-1250= 3750 INR, which is the original price, BEFORE THE 25% WAS ADDED

but..

They only want a 10% discount of the price which is 25% above the cost (5000). So essentially we want to find 15%, because 25%-10%=15%

so if...

10%=500

5%=250

15%=750 INR

this means the price with the 10% discount off 25%= 4250 INR (5000-750)

now we need to find the percentage change. For this we need to subtract the price with the 15% discount with the price BEFORE THE 25% was added

e.g 4250-3750= 500INR

Then.. divide this price with the original price before the 25% was added

e.g 500/3750= 2/15=0.13

So...

Convert 0.13 into a percentage=13%

The PERCENTAGE PROFIT of the owner is 13%

P.S Please could someone double check this answer as I am only 15 years old and may have gotten some working out wrong! Thank you