Question
Download Solution PDFA shopkeeper sold goods for $27720 and made a profit of 32% in the process. Find his profit percent if he had sold his goods for $23205.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Shopkeeper sold goods for $27720 with a profit of 32%.
He sold goods for $23205, and we need to calculate his profit percent.
Calculations:
SP1 = $27720; Profit percent (P) = 32%; SP2 = $23205
\(\dfrac{27720}{CP} =\dfrac{132}{100}\ \)
⇒ CP = Rs. 21000
Profit = \(\dfrac{23205 - 21000}{21000}× 100\) = \(\dfrac{2205}{21000}× 100\) = = 10.5%
∴ The profit percent is 10.5%.
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