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A merchant changed his trade discount from 25% to 15%. This would increase selling price by
A. 3(1/3)%
B. 6(1/6)%
C. 13(1/3)%
D. 16(1/3)%
Answer :
The percentage increase in selling price is approximately 13(1/3)%.
Let’s assume the cost price of the item is $100.
Initially, with a 25% trade discount, the selling price would be 75% of the cost price: Selling price 1 = (75/100) * 100 = $75
Now, with a 15% trade discount, the selling price would be 85% of the cost price: Selling price 2 = (85/100) * 100 = $85
Now, let’s find the difference in selling prices: Increase in selling price = Selling price 2 – Selling price 1 = $85 – $75 = $10
To find the percentage increase, we use the formula: Percentage increase = (Increase / Original selling price) * 100
Percentage increase = (10 / 75) * 100 = 40/3
So, the percentage increase in selling price is approximately 13(1/3)%. Therefore, the correct answer is option C.
What is Profit Percentage?
Profit percentage is a financial metric used to measure the profitability of a business or investment relative to the revenue generated. It is typically expressed as a percentage and represents the portion of revenue that constitutes profit after all expenses and costs have been deducted.
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The formula to calculate profit percentage is:
Profit Percentage = (Profit / Revenue)×100
Where:
- Profit is the amount of money earned after subtracting all expenses (including taxes, operating costs, and other overheads) from the revenue.
- Revenue is the total income generated from sales or other business activities.
Profit percentage provides insight into how efficiently a business is being managed and how effectively it is generating profit from its operations. It is a critical measure for assessing the financial health and performance of a company and is often used by investors, analysts, and management for decision-making purposes.
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Categories: Math
