Question
A shopkeeper sold an article at marked price and got a
profit of 50%. If he had given a discount of 20%, then find his new profit percent.Solution
ATQ, Let the cost price of the product be Rs. 100 Then, marked price = selling price = 100 × 1.50 = Rs. 150 If he allows a discount of 20%, then new selling price = 0.80 × 150 = Rs. 120 New Profit = (120 – 100) = Rs. 20 So, required profit percentage = 20%
Statements: L > M = N > O, O > P ≥ T = R
Conclusion:
I. L > T
II. L ≥ R
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