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    Question

    TYPE 37

    Find the profit percentage earned on a school bag if it

    was sold at Rs.1656 after offering a discount of 10% and the marked price of a school bag is Rs.460 more than its cost price.
    A 15 Correct Answer Incorrect Answer
    B 12.5 Correct Answer Incorrect Answer
    C 20 Correct Answer Incorrect Answer
    D 11.6 Correct Answer Incorrect Answer
    E 16 Correct Answer Incorrect Answer

    Solution

    MP = (1656/90) x 100 = Rs.1840 CP = 1840 – 460 = Rs.1380 Profit = 1656 – 1380 = Rs.276 Profit% = (276/1380) x 100 = 20%

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