Question
A shopkeeper made a profit of 40% by selling an article
for Rs. 280. If he had sold it after allowing a discount of 15% on its selling price, then find the profit that the shopkeeper would’ve made in this transaction.Solution
Cost price of the article = 280 ÷ 1.40 = Rs. 200 New selling price of the article = 280 × 0.85 = Rs. 238 New profit = 238 – 200 = Rs. 38
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