Math Problem Statement

A shopkeeper buys a table for some price and then spends an additional 20% of that price on repairs. He then marks the price of the table at Rs 15000 and sells it at a discount of 15% He has a profit percentage of 25% on the transaction. What was the cost that he paid for the table(without the additional price for repairing)?

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Percentage Calculations
Profit and Loss

Formulas

Total Cost = CP + Repair Cost
Selling Price (SP) = Marked Price (MP) - Discount
Profit Percentage = (Profit / Total Cost) * 100

Theorems

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Suitable Grade Level

Grades 9-12