Question
Download Solution PDFA trader sells a toy for 1134 after giving a 16% discount on its list price. Had he not given the discount, he would have earned a profit of 25%. If he decides to sell the toy for ₹1,179.36, then his profit percentage is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Selling Price after 16% discount = ₹1,134
Profit without discount = 25%
New Selling Price = ₹1,179.36
Formula used:
List Price (L) = Selling Price / (1 - Discount%)
Cost Price (C) = Selling Price without discount / (1 + Profit%)
New Profit % = ((New Selling Price - Cost Price) / Cost Price) × 100
Calculation:
⇒ List Price = 1,134 / 0.84
⇒ List Price = ₹1,350
⇒ Selling Price without discount = ₹1,350
⇒ Cost Price = 1,350 / 1.25
⇒ Cost Price = ₹1,080
⇒ New Profit % = ((1,179.36 - 1,080) / 1,080) × 100
⇒ = (99.36 / 1,080) × 100
⇒ = 9.2%
∴ The trader's profit percentage is 9.2%.
Last updated on Jul 18, 2025
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