Math Problem Statement
Danny a retailer purchased 210 same types of watches at the rate of Rs. 320 each. For transport and packing he spent an amount of Rs. 3200. He fixed the labelled price of each watch at Rs. 360 each However he decided to give a discount of 5% on the labelled price. What is the percentage of profit earned by him?
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Profit and Loss
Discount Calculation
Percentage
Formulas
Cost Price (C.P.) = Total cost of items + Additional expenses
Selling Price (S.P.) = Labelled Price - Discount
Percentage Profit = (Profit / Cost Price) * 100
Theorems
Profit Percentage Calculation
Suitable Grade Level
Grades 9-12
Related Recommendation
Profit Calculation with Discounts: Danny's Watch Purchase Problem
Calculate Profit or Loss After Markdown | Vancouver Store Case Study
Profit Calculation for Watches and Discount Required
Calculate Profit Percentage with 60% Markup and 30% Discount
Calculate Profit or Loss with Markdown on Watches in Vancouver