Question
A shopkeeper sold an article at marked price and got a
profit of 70%. If he had given a discount of 30%, then find his new profit percent.Solution
ATQ, Let the cost price of the product be Rs. 100 Then, marked price = selling price = 100 × 1.70 = Rs. 170 If he allows a discount of 30%, then new selling price = 0.70 × 170 = Rs. 119 New Profit = (119 – 100) = Rs. 19 So, required profit percentage = 19%
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