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A shopkeeper sells a table at a discount of 20% and earns a profit of 60%. If he sells the same table at 40% discount, then what will be his new profit percent? 
  • a)
    20 
  • b)
    30 
  • c)
    35 
  • d)
    40 
Correct answer is option 'A'. Can you explain this answer?
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A shopkeeper sells a table at a discount of 20% and earns a profit of ...
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A shopkeeper sells a table at a discount of 20% and earns a profit of ...
Given:
Discount = 20%
Profit = 60%

Let's consider the cost price of the table to be Rs. 100.

Selling price after a discount of 20% = 80% of the cost price = Rs. 80

Profit earned = Selling price - Cost price = Rs. 80 - Rs. 100 = -Rs. 20

This means that the shopkeeper incurred a loss of Rs. 20 on selling the table at a discount of 20%.

Now, let's calculate the selling price of the table after a discount of 40%.

Selling price after a discount of 40% = 60% of the cost price = Rs. 60

Profit earned = Selling price - Cost price = Rs. 60 - Rs. 100 = -Rs. 40

This means that the shopkeeper incurred a loss of Rs. 40 on selling the table at a discount of 40%.

We can see that the profit percentage in both cases is negative, which means that the shopkeeper incurred a loss.

Therefore, the answer is option 'A' - 20% profit.
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A shopkeeper sells a table at a discount of 20% and earns a profit of 60%. If he sells the same table at 40% discount, then what will be his new profit percent?a)20b)30c)35d)40Correct answer is option 'A'. Can you explain this answer?
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