Let's see what we have here. A shopkeeper sold Item X for a his selling price (SP).
Let SP = x
Let SP = xSince the question says that Profit is 25% of the selling price, we have:
Let SP = xSince the question says that Profit is 25% of the selling price, we have:Profit = 25% SP = 0.25x
Let SP = xSince the question says that Profit is 25% of the selling price, we have:Profit = 25% SP = 0.25xNow, we already know that:
Let SP = xSince the question says that Profit is 25% of the selling price, we have:Profit = 25% SP = 0.25xNow, we already know that:Profit = SP - Cost
Let SP = xSince the question says that Profit is 25% of the selling price, we have:Profit = 25% SP = 0.25xNow, we already know that:Profit = SP - CostThis part is the catch. To find out how much Item X originally cost,
Let SP = xSince the question says that Profit is 25% of the selling price, we have:Profit = 25% SP = 0.25xNow, we already know that:Profit = SP - CostThis part is the catch. To find out how much Item X originally cost,Cost = SP - Profit = x - 0.25x = 0.75x
Let SP = xSince the question says that Profit is 25% of the selling price, we have:Profit = 25% SP = 0.25xNow, we already know that:Profit = SP - CostThis part is the catch. To find out how much Item X originally cost,Cost = SP - Profit = x - 0.25x = 0.75xNow that we know the original cost of Item X, we can
Let SP = xSince the question says that Profit is 25% of the selling price, we have:Profit = 25% SP = 0.25xNow, we already know that:Profit = SP - CostThis part is the catch. To find out how much Item X originally cost,Cost = SP - Profit = x - 0.25x = 0.75xNow that we know the original cost of Item X, we can easily calculate the Real profit % using this formula:
Let SP = xSince the question says that Profit is 25% of the selling price, we have:Profit = 25% SP = 0.25xNow, we already know that:Profit = SP - CostThis part is the catch. To find out how much Item X originally cost,Cost = SP - Profit = x - 0.25x = 0.75xNow that we know the original cost of Item X, we can easily calculate the Real profit % using this formula:= (Profit/Cost)*100
Let SP = xSince the question says that Profit is 25% of the selling price, we have:Profit = 25% SP = 0.25xNow, we already know that:Profit = SP - CostThis part is the catch. To find out how much Item X originally cost,Cost = SP - Profit = x - 0.25x = 0.75xNow that we know the original cost of Item X, we can easily calculate the Real profit % using this formula:= (Profit/Cost)*100= (0.25x/0.75x)*100
Let SP = xSince the question says that Profit is 25% of the selling price, we have:Profit = 25% SP = 0.25xNow, we already know that:Profit = SP - CostThis part is the catch. To find out how much Item X originally cost,Cost = SP - Profit = x - 0.25x = 0.75xNow that we know the original cost of Item X, we can easily calculate the Real profit % using this formula:= (Profit/Cost)*100= (0.25x/0.75x)*100= 33%
