Question

    An article is marked up by P% above the cost price. If

    shopkeeper offers discount of 25% and still earns a profit of 35%. For earning a profit of 71%, how much discount should be offered by shopkeeper?
    A 6% Correct Answer Incorrect Answer
    B 4% Correct Answer Incorrect Answer
    C 5% Correct Answer Incorrect Answer
    D 9% Correct Answer Incorrect Answer
    E 10% Correct Answer Incorrect Answer

    Solution

    Let MP = 100x, then SP = 75x CP × (135/100) = 75x CP = 500x/9 Now, 71% of profit is given in new CP. (500x/9) × (171/100) = SP new SP = 95x Therefore, D% = (100x – 95x)/100 × 100 = 5%

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