A shopkeeper wishes to give 5 % commission on | vedclass

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

Question

(B) Let the marked price be $₹ x$.The selling price after giving a $5 \%$ commission on the marked price is:$SP = x 	imes \left( \frac{100 - 5}{100}

Vedclass · Accepted Answer

$110$

Vedclass · Answer

(B) Let the marked price be $₹ x$.The selling price after giving a $5 \%$ commission on the marked price is:$SP = x 	imes \left( \frac{100 - 5}{100} ight) = \frac{95x}{100} = 0.95x$.The cost price is given as $₹ 95$,and the shopkeeper wants a profit of $10 \%$. The selling price can also be calculated as:$SP = CP 	imes \left( \frac{100 + 	ext{Profit } \%}{100} ight) = 95 	imes \left( \frac{100 + 10}{100} ight) = 95 	imes 1.1 = ₹ 104.5$.Equating the two expressions for the selling price:$0.95x = 104.5$$x = \frac{104.5}{0.95} = 110$.Therefore,the marked price is $₹ 110$.

$A$ shopkeeper wishes to give $5 \%$ commission on the marked price of an article but also wants to earn a profit of $10 \%$. If his cost price is $₹ 95$,then the marked price is (in $₹$):

Similar Questions

$A$ shopkeeper sold an article offering a discount of $5 \%$ and earned a profit of $23.5 \%$. What would have been the percentage of profit earned if no discount had been offered?

$A$ shopkeeper professes to sell his goods at cost price but uses a weight of $800 \text{ g}$ instead of a $1 \text{ kg}$ weight. His profit percentage is:

$A$ rice trader buys $8$ quintals of rice for $Rs. 3,600$. $10\%$ of the rice is lost in transportation. At what rate should he sell the remaining rice to earn a $15\%$ profit in $Rs.$ per quintal?

$A$ man bought $15$ mangoes for a rupee. How many mangoes were sold for a rupee so that there is a loss of $25 \% ?$

Allowing $20 \%$ and $15 \%$ successive discounts,the selling price of an article becomes $Rs. 3,060$. Then the marked price will be (in $Rs.$):

Vedclass Test Series

Exam Paper Generator

Online Exam Module