Question

In a shop, the marked price of an article is Rs.4000. The shopkeeper gives some discount on that article and earns profit of Rs.550. Find the percentage discount on that article,if its cost price is Rs.2250.

Answer 1

Given Information: Marked Price (MP) of the article = Rs. 4000

Profit earned by the shopkeeper = Rs. 550

Cost Price (CP) of the article = Rs. 2250

**Calculating Selling Price (SP): **

We know that Profit = SP - CP.

Therefore, the Selling Price can be calculated as: SP = CP + Profit

SP = 2250 + 550

SP = 2800

Calculating Discount:

Discount is the difference between the Marked Price and the Selling Price:

Discount = MP - SP

Discount = 4000 - 2800

Discount = 1200

Calculating Percentage Discount:

Percentage Discount is calculated using the formula:

Percentage Discount = (Discount / MP) * 100

Percentage Discount = (1200 / 4000) * 100

Percentage Discount = 30%

So, the percentage discount on the article is 30%