While selling items, a shopkeeper earned a profit equal to the total cost price of items. If each item is marked above its actual cost and a discount of is given while selling it, then what is the difference between the total cost price of items and the total selling price of items?
While selling items, a shopkeeper earned a profit equal to the total cost price of items. If each item is marked above its actual cost and a discount of is given while selling it, then what is the difference between the total cost price of items and the total selling price of items?
Solution
✅ Correct Option: 1
Let the cost price of one item be Rs. .
Profit on items cost of items, so profit
Selling price of one item
Marked price above cost
Selling price marked price discount
Both expressions give the same selling price:
Selling price of one item
Cost price of items
Selling price of items
Difference
Therefore, the difference is Rs. .