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    Question

    The cost price of a smartphone is Rs. 20,000. The

    smartphone is marked 40% above its cost price and sold after a discount of Rs. 2,000. If the cost price had been Rs. 4,000 less but sold for the same price, then what would be the percentage of profit earned?
    A 50% Correct Answer Incorrect Answer
    B 60% Correct Answer Incorrect Answer
    C 70% Correct Answer Incorrect Answer
    D 62.5% Correct Answer Incorrect Answer

    Solution

    Selling price of the smartphone = 20,000 × 1.40 - 2,000 = Rs. 26,000. If the cost price had been Rs. 4,000 less, the new cost price = 20,000 - 4,000 = Rs. 16,000. So, required percentage = {(26,000 - 16,000)/16,000} × 100 = 62.5%

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