Profit percentage change calculation
CMAT 2020 · Quantitative Techniques & Data Interpretation · Medium · Profit and Loss
A shopkeeper marks his books at 25% above the cost price. Due to slump in the market, his cost reduces by 5%. And then,to boost his sale, he offered a discount of 8% due to which sales goes up by 25%. Compute the change in the shopkeepers profit.
- A.
No change
- B.
7% change
- C.
2.5% change
- D.
8% change
A
Explanation
Let initial CP per book = Rs. 100, and initial number of books sold = . Initial MP = Rs. 125, SP = Rs. 125. Initial total profit = .
New CP per book = Rs. 95. Discount = 8% on MP = New SP = Rs. 115. New profit per book = . New sales volume = . New total profit = .
Since initial and new total profit are both , there is no change in profit.
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