Question
An article is marked at ₹6,000 and is sold at a
discount of 30%. The shopkeeper still makes a profit of 20%, a discount of 40% was given, what would be the profit percentage?Solution
Let the cost price be ₹x. Selling Price with 30% discount = 6000 × 0.7 = ₹4200 Profit of 20% implies: 1.2x = ₹4200, so x = ₹3500. Selling Price with 40% discount = 6000 × 0.6 = ₹3600 Profit Percentage = [(3600 - 3500) / 3500] × 100 = 2.86% So, the profit percentage would be approximately 2.86%.
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