Question 13 Marks
A shopkeeper decides to sell a certain item at a certain price. He tags the price on the item by increasing the decided price by 25%. While selling the item, he offers 20% discount. Find how many more or less percent he gets on the decided price.
Answer
View full question & answer→Here, price increase $=25 \%$,
discount offered $=20 \%$
Let the decided price be Rs 100
$\therefore$ Increase in price $=$ Rs 25
$\therefore$ Shopkeeper marks the price $=100+25$
$=$ Rs 125
$\therefore$ marked price $=$ Rs 125
Let the percentage of discount be $\mathrm{x}$
$
\begin{aligned}
& \therefore \mathrm{x}=20 \% \\
& \therefore \quad \text { Discount }=\frac{\text { marked price } \times x}{100} \\
&=\frac{125 \times 20}{100} \\
&=\frac{2500}{100} \\
&=₹ 25
\end{aligned}
$
$\therefore$ Selling price $=$ Marked price - Discount
$=125-25$
$=$ Rs 100
$\therefore$ If the decided price is Rs 100 , then shopkeeper gets Rs 100 .
$\therefore$ The shopkeeper gets neither more nor less than the decided price i.e. he gets $0 \%$ more / less.
discount offered $=20 \%$
Let the decided price be Rs 100
$\therefore$ Increase in price $=$ Rs 25
$\therefore$ Shopkeeper marks the price $=100+25$
$=$ Rs 125
$\therefore$ marked price $=$ Rs 125
Let the percentage of discount be $\mathrm{x}$
$
\begin{aligned}
& \therefore \mathrm{x}=20 \% \\
& \therefore \quad \text { Discount }=\frac{\text { marked price } \times x}{100} \\
&=\frac{125 \times 20}{100} \\
&=\frac{2500}{100} \\
&=₹ 25
\end{aligned}
$
$\therefore$ Selling price $=$ Marked price - Discount
$=125-25$
$=$ Rs 100
$\therefore$ If the decided price is Rs 100 , then shopkeeper gets Rs 100 .
$\therefore$ The shopkeeper gets neither more nor less than the decided price i.e. he gets $0 \%$ more / less.
