A shopkeeper offers Buy 1 Get 1 Free offer on t-shirt marked at Rs. 2, 400. If after a sale, the shopkeeper earns a profit of 33.33%. Then what is the actual price of the t-shirt?
Answer:
Rs 900
Explanation:
Shopkeeper sells Buy 1, Get 1 Free offer on
t- shirt marked at = Rs. 2,400
Selling price of two t-shirt = Rs 2,400
That is
One t- shirt selling price can be calculated as
⇒ 2400/2
⇒ Rs 1,200
profit is 33.33 %
Let us calculate the cost price of t-shirt
CP formula
Cost price = SP(Selling Price) × 100 / (100 + Profit)
CP = 1200 × 100 / (100 + 33.33)
CP = 120000 / 133.33
CP = 900
CP = Rs 900
Therefore, the actual price of the t-shirt is Rs 900.