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      Question

      A person earn 18% profit on the marked price. If he

      quadruple the marked price but gave 40% discount on the new marked price then how much percentage of profit did he gain?
      A 100% Correct Answer Incorrect Answer
      B 140% Correct Answer Incorrect Answer
      C 193% Correct Answer Incorrect Answer
      D 120% Correct Answer Incorrect Answer

      Solution

      Let the marked price = Rs. 100x then profit = 18% of 100x = Rs 18x
      Cost price = 100x – 18x = Rs 82x
      New marked price = 100x × 4 = Rs 400x
      Selling price = (100 – 40) % of 400x = 60% of 400x = Rs 240x
      The reqd. profit % = (240x – 82x)/82x × 100 = 193% ( approx )

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