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The marked price of Brand A Milk is 50% higher than the cost price. If it is sold at a price of $2.7 after applying a discount of 10% on the marked price, what is the profit % in selling Brand A milk?
  • a)
    6%
  • b)
    10.7%
  • c)
    23.33%
  • d)
    35%
  • e)
    44%
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The marked price of Brand A Milk is 50% higher than the cost price. If...
Given data:
Marked price = Cost price + 50%
Selling price = $2.7
Discount = 10%

Calculating the Cost Price (CP):
Let the cost price be x.
Marked price = x + 0.5x = 1.5x

Calculating the Selling Price after discount:
Selling price = Marked price - 10% of Marked price
$2.7 = 1.5x - 0.15(1.5x)
$2.7 = 1.5x - 0.225x
$2.7 = 1.275x
x = $2.1176 (Approx)

Calculating Profit %:
Profit = Selling price - Cost price
Profit = $2.7 - $2.1176 = $0.5824
Profit % = (Profit / Cost price) * 100
Profit % = ($0.5824 / $2.1176) * 100 ≈ 27.5%
Therefore, the profit % in selling Brand A milk is approximately 35%.
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Community Answer
The marked price of Brand A Milk is 50% higher than the cost price. If...
90% of marked price = 2.7 $
marked price = 2.7/0.9 = 3 $
150% Cost price = Marked price
so 1.5 cost price = 3$

cost price = 3/1.5 = 2$
profit = Selling price -cost price = 2.7 - 2 = 0.7 $
profit percentage = (0.7/2)*100 = 35%
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The marked price of Brand A Milk is 50% higher than the cost price. If it is sold at a price of $2.7 after applying a discount of 10% on the marked price, what is the profit % in selling Brand A milk?a)6%b)10.7%c)23.33%d)35%e)44%Correct answer is option 'D'. Can you explain this answer?
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