Question
Download Solution PDFRaghav purchased a shirt at Rs. 1,500 and marked up the price of the shirt by 40%. What is the discount percentage he has to offer in order to get a profit of Rs. 75?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Raghav purchased a shirt at Rs. 1,500 and marked up the price of the shirt by 40%.
Concept used:
Selling price = Marked price × (100 - Discount)%
Calculation:
Marked price of the shirt = 1500 × 140%
⇒ 2100
Selling price = 1500 + 75
⇒ 1575
Discount = 2100 - 1575
⇒ 525
Discount % = (525/2100) × 100
⇒ 25%
∴ The required answer is 25%.
Last updated on Jun 25, 2025
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