While selling a bat, shopkeeper gives a discount of 15%. If he gives a discount of 20%, he earns ₹ 25 less as profit. What is the marked price of the bat?₹ 500₹ 1500₹ 700₹ 1000
Question
While selling a bat, shopkeeper gives a discount of 15%. If he gives a discount of 20%, he earns ₹ 25 less as profit. What is the marked price of the bat?₹ 500₹ 1500₹ 700₹ 1000
Solution
To solve this problem, we need to understand that the difference between a 15% and 20% discount is the ₹25 less profit the shopkeeper makes.
Step 1: Understand the problem The difference between a 15% and 20% discount is 5%. This 5% is equal to ₹25.
Step 2: Calculate the original price If 5% is ₹25, then 1% is ₹25/5 = ₹5. Therefore, the original price (100%) is ₹5 * 100 = ₹500.
So, the marked price of the bat is ₹500.
Similar Questions
A bat is sold at 20% profit. If cost price and selling price of the bat is reduced by ₹ 400 each, the profit is 10% more. Find the cost price of the bat.₹ 1100₹ 1300₹ 1400₹ 1200
A shopkeeper marked up the price of an article by 40% above cost price and he allows 25% discount on marked price. If shopkeeper earns Rs. 420 as profit, then find his profit (in Rs.) when he allows discount of 20% instead of 25%?
Marked price is 1.45 times of cost price. Selling price is Rs1500. The profit is 25%. Find the discount percentage.(a) 14%(b) 15%(c) 16%
Arun bought a pair of skates at a sale where the discount given was 20%. If the amounthe pays is ₹1,600, find the marked price.
A marks the price of an article at ₹600 and sells it to B at a discount of %. B then sells it to C at a profit of 25%. C marks up the price and sells it to D at a discount of 10% on the marked-up price, thereby making a profit of 8%. What was the price marked by C before he sold the article to D?₹750₹900₹720₹840
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.