A shopkeeper allows 23 % commission on his ad | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(D) Let the advertised price be $₹ x$.Since the commission is $23 \%$,the Selling Price $(S.P.)$ is $x - 0.23x = 0.77x$.Given that the profit is $10 \

Vedclass · Accepted Answer

$800$

Vedclass · Answer

(D) Let the advertised price be $₹ x$.Since the commission is $23 \%$,the Selling Price $(S.P.)$ is $x - 0.23x = 0.77x$.Given that the profit is $10 \%$ on the Cost Price $(C.P.)$ and the profit amount is $₹ 56$,we have:$Profit = S.P. - C.P. = 56$$C.P. = S.P. - 56 = 0.77x - 56$.Since profit is $10 \%$ of $C.P.$,we have $Profit = 0.10 	imes C.P.$$56 = 0.10 	imes (0.77x - 56)$$56 = 0.077x - 5.6$$56 + 5.6 = 0.077x$$61.6 = 0.077x$$x = \frac{61.6}{0.077} = \frac{61600}{77} = 800$.Therefore,the advertised price is $₹ 800$.

$A$ shopkeeper allows $23 \%$ commission on his advertised price and still makes a profit of $10 \%$. If he gains $₹ 56$ on one item,what is the advertised price of the item in $₹$?

Similar Questions

$A$ shopkeeper gains $17 \%$ after allowing a discount of $10 \%$ on the marked price of an article. Find his profit percent if the article is sold at the marked price allowing no discount. (in $\%$)

$A$ fruit seller sells mangoes at the rate of $Rs. 9$ per $kg$ and thereby loses $20\%$. At what price per $kg$ should he have sold them to make a profit of $5\%$? (in $Rs.$)

An article which is marked at $Rs. 975$ is sold for $Rs. 897$. The percentage discount is?

The present age of Bob is equal to Abby's age $8$ years ago. Four years hence,the ratio between Bob's age and Abby's age will be $4:5$. What is Bob's present age (in years)?

Vijay sold a watch at a gain of $5 \%$. Had he sold it for $Rs. 72$ more,he would have gained $13 \%$. Find out the cost price of the watch (in $Rs.$).

Vedclass Test Series

Exam Paper Generator

Online Exam Module