Question
A person earn 25% profit on the marked price. If he tripled the marked price but gave 40% discount on the new marked price then how much percentage of profit did he gain?
Solution
Let the marked price = Rs. 100x then profit = 25% of 100x = Rs 25x
Cost price = 100x – 25x = Rs 75x
New marked price = 100x × 3 = Rs 300x
Selling price = (100 – 40) % of 300x = 60% of 300x = Rs 180x
The reqd. profit % = (180x – 75x)/75x × 100 = 140%
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