A shopkeeper buys a blanket at a discount of 20% on the listed price from a wholesaler. The shopkeeper marks up the price by 15% on the lis… — Answer & Discussion

A shopkeeper buys a blanket at a discount of 20% on the listed price from a wholesaler. The shopkeeper marks up the price by 15% on the listed price. A buyer pays Rs. 3795 to get it after paying sales tax rate of 10% on the price asked for. Find the profit percentage of the shopkeeper.

A48.75%
B42.75%
C40.75%
D33.75%

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Discussion 1

CCommunity08 Jul 2019

Let the listed price = Rs. 100

∴ Cost Price for shopkeeper = 100 - 20 = Rs. 80

And marked price by shopkeeper = 100 + 15 = Rs. 115

Now, According to the question:

⇒ 115 = 3795 × (100/110) = Rs. 3450

⇒ 80 = (3450/115) × 80 = Rs. 2400

Profit = 3450 – 2400 = Rs. 1050

Profit percentage = (1050/2400) × 100 = 43.75%