Anil buys 12 toys and labels each with the same selling price. He sells 8 toys initially at 20% discount on the labeled price. Then he sells the remaining 4 toys at an additional 25% discount on the discounted price. Thus, he gets a total of Rs 2112, and makes a 10% profit. With no discounts, his percentage of profit would have been
Started 4 days ago by Shashank in
Explanatory Answer
Let common SP be x
For 8 toys, SP = 0.8x
For remaining 4 toys, SP = 0.75*0.8x = 0.6x
Total SP = 8* 0.8x + 4* 0.6x = 2112
6.4x + 2.4x = 2112
8.8x = 2112
x = 240
Also let Total Cost Price = y
2112 = 1.1y
y = 1920
With no discounts, Total SP = 12*240 = 2880
Profit = 2880-1920 = 960
Profit % = (960/ 1920)* 100 = 50%
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