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A confectionery shopkeeper sells a soap at a discount of 20% and earns a profit of 60%. If he sells the same soap 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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Calculation:
In the given scenario, the shopkeeper sells a soap at a discount of 20% and earns a profit of 60%. Let's calculate the cost price, selling price, and profit earned.
Cost Price (CP): Let the cost price of the soap be $100.
Selling Price (SP) with 20% discount: SP = 100 - 20% of 100 = $80.
Profit: Profit = SP - CP = $80 - $100 = $20.
Profit percent: Profit percent = (Profit/CP) x 100 = (20/100) x 100 = 20%.
Now, let's calculate the profit percent when the shopkeeper sells the same soap at a 40% discount.
New Selling Price (SP) with 40% discount: SP = 100 - 40% of 100 = $60.
Profit: Profit = SP - CP = $60 - $100 = $40.
Profit percent: Profit percent = (Profit/CP) x 100 = (40/100) x 100 = 40%.
Therefore, the new profit percent when the shopkeeper sells the soap at a 40% discount is 40%.
In the given scenario, the shopkeeper sells a soap at a discount of 20% and earns a profit of 60%. Let's calculate the cost price, selling price, and profit earned.
Cost Price (CP): Let the cost price of the soap be $100.
Selling Price (SP) with 20% discount: SP = 100 - 20% of 100 = $80.
Profit: Profit = SP - CP = $80 - $100 = $20.
Profit percent: Profit percent = (Profit/CP) x 100 = (20/100) x 100 = 20%.
Now, let's calculate the profit percent when the shopkeeper sells the same soap at a 40% discount.
New Selling Price (SP) with 40% discount: SP = 100 - 40% of 100 = $60.
Profit: Profit = SP - CP = $60 - $100 = $40.
Profit percent: Profit percent = (Profit/CP) x 100 = (40/100) x 100 = 40%.
Therefore, the new profit percent when the shopkeeper sells the soap at a 40% discount is 40%.
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A confectionery shopkeeper sells a soap at a discount of 20% and earns a profit of 60%. If he sells the same soap 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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A confectionery shopkeeper sells a soap at a discount of 20% and earns a profit of 60%. If he sells the same soap 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? for Teaching 2024 is part of Teaching preparation. The Question and answers have been prepared according to the Teaching exam syllabus. Information about A confectionery shopkeeper sells a soap at a discount of 20% and earns a profit of 60%. If he sells the same soap 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? covers all topics & solutions for Teaching 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A confectionery shopkeeper sells a soap at a discount of 20% and earns a profit of 60%. If he sells the same soap 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?.
A confectionery shopkeeper sells a soap at a discount of 20% and earns a profit of 60%. If he sells the same soap 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? for Teaching 2024 is part of Teaching preparation. The Question and answers have been prepared according to the Teaching exam syllabus. Information about A confectionery shopkeeper sells a soap at a discount of 20% and earns a profit of 60%. If he sells the same soap 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? covers all topics & solutions for Teaching 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A confectionery shopkeeper sells a soap at a discount of 20% and earns a profit of 60%. If he sells the same soap 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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