Question

By selling a sofa set at 85% of the labelled price, Apex furniture earned a profit of 13.33% when it sold the sofa set for Rs 17,000.What will be the profit percentage if the discount is not offered?

Answer 1

profit percent=13.33,S.P=17000, CP= 1x+0.1333x=17000,then CP=15000.44,Since the goods are sold at 85% Labelled price

Answer 2

Then labelled price=15000/0.85=17647.5. if no discount is given find the profit or loss % when it is sold at Rs17000