31) A dealer buys a scooty for 25000 and marks it at 40% above its cost price. If he allows a discount of 8%, Find the following a) Marked price of the scooty b) Selling Price of the scooty c) Profit or Loss on overall transaction.
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Answers & Comments
Answer:
option no a
Step-by-step explanation:
Marked price = Rs. 25000
Price of the article after 1
st
discount =
100
80
×25000= Rs. 20000
Price of the article after 2
nd
discount =
100
95
×20000= Rs. 19000
⇒ Net C.P. of the articles = Rs. 19000+ Rs. 1000= Rs. 20000
S.P. = Rs. 25000
∴ Gain %=
20000
(25000−20000)
×100=
20000
5000
×100=25%
Answer:
a) 35000 b) 32200 c) Profit of 7200
Step-by-step explanation:
a) Marked price of the scooty = Cost * (1+Mark up percentage)
Cost = 25000
Markup percentage = 40%
Substitute the values
Marked price of the scooty = 25000 * (1+40%) = 35000
b) Selling price of the scooty = Marked price - (Marked price * Discount percentage)
Discount percentage = 8%
Substitute the values
Selling price of the scooty = 35000 - (35000 * 8%) = 32200
Profit /(loss) = Selling price - Cost = 32200 - 25000 =7200