A shopkeeper marked up the price of an item by 96% on the actual cost price and allows the discount of 25%. If he gave 2 items free on every dozen purchase, then find the profit percent on sale of ...
Solution Given: - Lagaan is levied on 40% of the total land in Village Sitapur. - Total lagaan collected from the village is Rs. 4,48,800. - Hari paid Rs. 580 as lagaan for his piece of land. Step 1: Find the land corresponding to Rs. 1 of lagaan If Rs. 4,48,800 is collected from 40% of the total laRead more
Solution
Given:
– Lagaan is levied on 40% of the total land in Village Sitapur.
– Total lagaan collected from the village is Rs. 4,48,800.
– Hari paid Rs. 580 as lagaan for his piece of land.
Step 1: Find the land corresponding to Rs. 1 of lagaan
If Rs. 4,48,800 is collected from 40% of the total land, then the land corresponding to Rs. 1 of lagaan is:
\[ \frac{0.4x}{448800} \text{ (where } x \text{ is the total land)} \]
Step 2: Calculate the taxable land of Hari
Hari paid Rs. 580 as lagaan, so the taxable land of Hari is:
\[ 580 \times \frac{0.4x}{448800} \]
Step 3: Convert taxable land of Hari to total land of Hari
Since the taxable land is only 40% of the total land, the total land of Hari is:
\[ \frac{100}{40} \times 580 \times \frac{0.4x}{448800} \]
Step 4: Calculate the percentage of Hari’s total land over the total taxable land of the village
The percentage of Hari’s total land over the total taxable land of the village is:
\[ \frac{\frac{100 \times 580 \times 0.4x}{40 \times 448800}}{0.4x} \times 100 = \frac{580 \times 100}{448800} \times 100 \approx 0.323\% \]
Conclusion
The percentage of total land of Hari over the total taxable land of the village is approximately 0.323%.
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Solution Let's assume the cost price (CP) of one item is Rs. 100. Step 1: Calculate the selling price after markup and discount - After a 96% markup, the price becomes Rs. 196. - After a 25% discount, the selling price (SP) becomes \(196 \times \frac{3}{4} = Rs. 147\). Step 2: Calculate the effectivRead more
Solution
Let’s assume the cost price (CP) of one item is Rs. 100.
Step 1: Calculate the selling price after markup and discount
– After a 96% markup, the price becomes Rs. 196.
– After a 25% discount, the selling price (SP) becomes \(196 \times \frac{3}{4} = Rs. 147\).
Step 2: Calculate the effective selling price for a dozen items with 2 items free
– When 2 items are given free on a dozen, the effective number of items sold is 10.
– Therefore, the effective selling price for a dozen items is \(10 \times 147 = Rs. 1470\).
Step 3: Calculate the cost price for a dozen items
– The cost price for a dozen items is \(12 \times 100 = Rs. 1200\).
Step 4: Calculate the profit and profit percent
– Profit = Selling price for a dozen – Cost price for a dozen = Rs. 1470 – Rs. 1200 = Rs. 270.
– Profit percent = \(\frac{\text{Profit}}{\text{Cost price for a dozen}} \times 100 = \frac{270}{1200} \times 100 = 22.5\%\).
Conclusion
The profit percent on the sale of 1 dozen items is 22.5%.
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