Math Problem Statement
A manufactured items is of cost of Rs 12500, sold at 10% profit. The supplier sold the same at a 5.5% profit to the shopkeeper. The shopkeeper marks it at Rs 2393.75 higher than his cost price and allowed at 10% discount to the customer. Find the profit earned by the shopkeeper?
Solution
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Math Problem Analysis
Mathematical Concepts
Profit and Loss
Percentages
Discount
Formulas
Selling Price = Cost Price + (Profit Percentage × Cost Price)
Discounted Price = Marked Price - (Discount Percentage × Marked Price)
Profit = Selling Price - Cost Price
Theorems
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Suitable Grade Level
Grades 8-10
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