Question
Download Solution PDFA shopkeeper bought an item for ₹400. He sold it at a profit of 25%. Then, the buyer sold it to another person at a loss of 10%. What is the final selling price?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost Price (CP) = ₹400
Profit Percentage = 25%
Loss Percentage = 10%
Formula used:
Selling Price (SP) after profit = CP × (1 + Profit Percentage/100)
Selling Price (SP) after loss = CP × (1 - Loss Percentage/100)
Calculations:
SP after profit = 400 × (1 + 25/100)
⇒ SP after profit = 400 × 1.25
⇒ SP after profit = 500
SP after loss = 500 × (1 - 10/100)
⇒ SP after loss = 500 × 0.90
⇒ SP after loss = 450
∴ The correct answer is option (1).
Last updated on Jun 2, 2025
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