Home
Class 7
MATHS
A shopkeeper sold a TV set for Rs. 17,94...

A shopkeeper sold a TV set for Rs. 17,940 with a discount of `8%` and earned a profit of `19.6%`. What would been the percentage of profit earned if no discount was offered ?

A

`24.8%`

B

`25%`

C

`26.4%`

D

None of these

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Determine the Selling Price (SP) and Discount The selling price of the TV set is given as Rs. 17,940, and the discount offered is 8%. ### Step 2: Calculate the Marked Price (MP) The formula to find the marked price when the selling price and discount are known is: \[ \text{Selling Price} = \text{Marked Price} - \text{Discount} \] The discount can also be expressed as: \[ \text{Discount} = \frac{\text{Discount Percentage}}{100} \times \text{Marked Price} \] Thus, we can express the selling price as: \[ \text{SP} = \text{MP} \times \left(1 - \frac{8}{100}\right) \] Rearranging gives: \[ \text{MP} = \frac{\text{SP}}{1 - \frac{8}{100}} \] Substituting the values: \[ \text{MP} = \frac{17940}{0.92} \] Calculating this gives: \[ \text{MP} = 19500 \] ### Step 3: Calculate the Cost Price (CP) We know that the shopkeeper made a profit of 19.6%. The formula for calculating the cost price when the selling price and profit percentage are known is: \[ \text{CP} = \frac{\text{SP}}{1 + \frac{\text{Profit Percentage}}{100}} \] Substituting the values: \[ \text{CP} = \frac{17940}{1 + \frac{19.6}{100}} \] This simplifies to: \[ \text{CP} = \frac{17940}{1.196} \] Calculating this gives: \[ \text{CP} \approx 15000 \] ### Step 4: Calculate the Profit Percentage if No Discount was Offered If no discount was offered, the selling price would be equal to the marked price, which we calculated as Rs. 19,500. The profit can be calculated as: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] Substituting the values: \[ \text{Profit} = 19500 - 15000 = 4500 \] Now, we can calculate the profit percentage: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{\text{Cost Price}}\right) \times 100 \] Substituting the values: \[ \text{Profit Percentage} = \left(\frac{4500}{15000}\right) \times 100 = 30\% \] ### Final Answer If no discount was offered, the percentage of profit earned would be **30%**. ---
Promotional Banner

Topper's Solved these Questions

  • PROFIT AND LOSS AND DISCOUNT

    S CHAND IIT JEE FOUNDATION|Exercise SECTION - B (Question Bank - 11(b))|25 Videos
  • POWERS AND ROOTS

    S CHAND IIT JEE FOUNDATION|Exercise UNIT TEST-1|20 Videos
  • RATIO AND PROPORTION

    S CHAND IIT JEE FOUNDATION|Exercise SELF ASSESSMENT SHEET - 15 |10 Videos

Similar Questions

Explore conceptually related problems

A shopkeeper sold a TV set for Rs 17940 with a discount of 8% and earned a profit of 19.6%. What would have been the percentage of profit earned if no discount was offered ?

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 was offered? a.24.5 b. 28.5 c.30 d.data inadequate e.none of these

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 was offered?

A shopkeeper sold an air-conditioner for Rs.25935 with a discount of 9% and earned a profit of 3.74%. What would have been the percentage of profit if no discount were offered? 12.3% b.16% c.15.6% d.none of these

A shopkeeper offered a discount of 15% on the labelled price; By selling an article for Rs.340 after giving discount he earned a profit of 13(1)/(3)% What would have been the percent profit earned if no discount was offered? a.27 b.28(1)/(3) c.30(1)/(3) d.33(1)/(3) e.none of these

A shopkeeper sells T.V. for Rs 17940 after giving discounts of 8% and earns profit of 19.6% . If he had not given the discount then find its profit %?