Q. A shopkeeper labels the price of article 15% above the cost price. If he allow Rs 51.20 discount on an article of Rs 1024, find his profit percent.

• By using simple logic we can solve this...
  if 115 labels price then cost price is 100
  so 1024 labels price then cost price is (100/115)*1024=890.4347
  
  so now C.P(cost price)=890.4347
  now he allows 51.20 discount on S.P(selling price) so Original S.P=(1024-51.20)=972.8
  So percentage Profit =((S.P-C.P)*100)/C.P=(972.8-890.4347)/890.4347 =9.25 %
  please check the calculation..if wrong...procedure will be same..:)
• 10 years agoHelpfull: Yes(16) No(2)
• 9.25 %profit
• 8 years agoHelpfull: Yes(1) No(0)
• 9.13% profit cz cost price is (1024*100)/115=890.43 nd s.p 1024-51.20=972.8 ....
• 10 years agoHelpfull: Yes(0) No(4)
• selling price should be 1024 -51.20 then find it cp
• 9 years agoHelpfull: Yes(0) No(0)
• Let Cost Price = Rs. x Then, Marked Price = Rs. 115% of x = Rs. (23/20)x
  Here, x = 1024 for the article. So, Selling price = Rs. [{(23/20)*1024} - 51.20] = Rs. 1126.4
  So, Profit % = [(1126.4 - 1024)/1024]*100 = 10%.
• 8 years agoHelpfull: Yes(0) No(1)