Math Problem Statement

retailer prices his products to earn a 40% profit even after offering a 4a% discount. If on a particular day, instead of the usual discount, the retailer ends up giving a (3a + 25)% discount to a customer, what will be his percentage of profit or loss?

Solution

To solve this problem, let's break it down step-by-step:

Step 1: Understanding the Problem

  1. Let CC be the cost price of the product for the retailer.
  2. The retailer aims for a 40% profit even after offering a discount of 4a%4a\%.
  3. The selling price (SP) after giving a 4a%4a\% discount should provide a 40% profit on the cost price.

Step 2: Calculate the Marked Price

  1. Let MM be the marked price of the product.

  2. After a discount of 4a%4a\%, the selling price SPSP is: SP=M×(14a100)SP = M \times \left(1 - \frac{4a}{100}\right)

  3. Since the retailer aims for a 40% profit after the discount, the selling price SPSP must also equal: SP=C×(1+40100)=1.4CSP = C \times \left(1 + \frac{40}{100}\right) = 1.4C

  4. Equating the two expressions for SPSP: M×(14a100)=1.4CM \times \left(1 - \frac{4a}{100}\right) = 1.4C

  5. Rearranging for the marked price MM: M=1.4C14a100M = \frac{1.4C}{1 - \frac{4a}{100}}

Step 3: Calculate the New Selling Price with the Increased Discount

  1. The new discount offered is (3a+25)%(3a + 25)\%.

  2. The new selling price SPnewSP_{new} after this discount is: SPnew=M×(13a+25100)SP_{new} = M \times \left(1 - \frac{3a + 25}{100}\right)

  3. Substitute the value of MM from the previous equation: SPnew=1.4C14a100×(13a+25100)SP_{new} = \frac{1.4C}{1 - \frac{4a}{100}} \times \left(1 - \frac{3a + 25}{100}\right)

Step 4: Find the Profit or Loss Percentage

  1. The profit or loss is determined by comparing SPnewSP_{new} to the cost price CC.

  2. The profit or loss percentage is: Profit or Loss %=(SPnewCC)×100\text{Profit or Loss \%} = \left(\frac{SP_{new} - C}{C}\right) \times 100

  3. Substitute the expression for SPnewSP_{new}: Profit or Loss %=(1.4C14a100×(13a+25100)CC)×100\text{Profit or Loss \%} = \left(\frac{\frac{1.4C}{1 - \frac{4a}{100}} \times \left(1 - \frac{3a + 25}{100}\right) - C}{C}\right) \times 100

  4. Simplify the expression: Profit or Loss %=(1.4(13a+25100)14a1001)×100\text{Profit or Loss \%} = \left(\frac{1.4 \left(1 - \frac{3a + 25}{100}\right)}{1 - \frac{4a}{100}} - 1\right) \times 100

Step 5: Final Expression for Profit or Loss

To determine the exact value of the profit or loss percentage, substitute the value of aa if known or keep it in terms of aa.

Would you like to proceed with a specific value for aa, or keep the result in terms of aa? Feel free to ask any further questions or request additional clarifications!

Related Questions:

  1. What would be the profit percentage if a=10%a = 10\%?
  2. How would the profit percentage change if the usual discount were increased to 5a%5a\%?
  3. What is the new selling price formula in terms of aa only?
  4. How does the retailer's strategy change if the profit target is increased to 50%?
  5. What is the effect of combining discounts on overall profit margins?

Tip:

Always break down profit and discount problems into smaller steps to find the relationship between cost, selling price, and profit percentage effectively.

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Math Problem Analysis

Mathematical Concepts

Profit and Loss
Percentage Discounts
Cost Price, Selling Price, and Marked Price

Formulas

SP = M * (1 - Discount%)
SP = C * (1 + Profit%)
Profit or Loss % = ((SP_new - C) / C) * 100

Theorems

Basic Percentage Theorem

Suitable Grade Level

Grades 10-12