A shopkeeper makes a gross profit of 20% on his sales.If the cost of good rises 10% and he increases the sale price by 5%, what would be his present percentage of gross profit by sales?

Question

Rudransh Mishra · Answer

Let the cost price of article be 100x
Thus, selling price of object is 120% of SP =120x
When cost raises 10%, new CP= 110x
When SP raises by 5 %, new SP=126x
Thus profit = 126x-110x=16x
Thus profit percent= $\frac{16x}{110x}$ =14.54545

Thank you for registering.

Register Now and Win Upto 25% Scholorship for a Full Academic Year !

Enter Your Details

Registration done!

Guest

A shopkeeper makes a gross profit of 20% on his sales.If the cost of good rises 10% and he increases the sale price by 5%, what would be his present percentage of gross profit by sales?

A shopkeeper makes a gross profit of 20% on his sales.If the cost of good rises 10% and he increases the sale price by 5%, what would be his present percentage of gross profit by sales?

1 Answers

Think You Can Provide A Better Answer ?

Other Related Questions on 8 grade maths

ASK QUESTION

Answer and earn gift vouchers

View courses by askIITians

Design classes One-on-One in your own way with Top IITians/Medical Professionals

Complete Self Study Package designed by Industry Leading Experts

Live 1-1 coding classes to unleash the Creator in your Child

a Complete All-in-One Study package Fully Loaded inside a Tablet!

Register Now & Win Upto 25% Scholorship

Thank you for registering.

Register Now and Win Upto 25% Scholorship for a Full Academic Year !

Enter Your Details

Registration done!

Guest

IIT JEE Courses

One Year IIT Programme

Two Year IIT Programme

Crash Course

NEET Courses

One Year NEET Programme

Two Year NEET Programme

One to One

School Board

Live Online classes

Class 11 & 12

Class 9 & 10

Class 6, 7 & 8

Test Series

JEE test series

NEET test series

C.B.S.E test series

Complete Self Study Packages

FULL COURSE

For class 12th

For class 11th

A shopkeeper makes a gross profit of 20% on his sales.If the cost of good rises 10% and he increases the sale price by 5%, what would be his present percentage of gross profit by sales?

A shopkeeper makes a gross profit of 20% on his sales.If the cost of good rises 10% and he increases the sale price by 5%, what would be his present percentage of gross profit by sales?

1 Answers

Think You Can Provide A Better Answer ?

Other Related Questions on 8 grade maths

ASK QUESTION

Answer and earn gift vouchers

View courses by askIITians

Design classes One-on-One in your own way with Top IITians/Medical Professionals

Complete Self Study Package designed by Industry Leading Experts

Live 1-1 coding classes to unleash the Creator in your Child

a Complete All-in-One Study package Fully Loaded inside a Tablet!

Register Now & Win Upto 25% Scholorship