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While selling, a businessman allows 40% discount on the marked price and there is a loss of 30%. If it is sold at the marked price, then the profit percentage will be
  • a)
    10%
  • b)
    20%
  • c)
  • d)
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
While selling, a businessman allows 40% discount on the marked price ...
Let marked price be: n × Cost price
Then, S.P. = 0.6 × M.P. = 0.6 × n × C.P. ...(i)
Also, S.P. = 0.7 × C.P. ...(ii)
From (i) and (ii),
0.6 × n × C.P. = 0.7 × C.P.
So, n = 7/6
Therefore, M.P. = 7/6 × C.P. = New S.P.
Hence, profit % =
= 100/6% =
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Community Answer
While selling, a businessman allows 40% discount on the marked price ...
Let marked price be: n × Cost price
Then, S.P. = 0.6 × M.P. = 0.6 × n × C.P. ...(i)
Also, S.P. = 0.7 × C.P. ...(ii)
From (i) and (ii),
0.6 × n × C.P. = 0.7 × C.P.
So, n = 7/6
Therefore, M.P. = 7/6 × C.P. = New S.P.
Hence, profit % =
= 100/6% =
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While selling, a businessman allows 40% discount on the marked price and there is a loss of 30%. If it is sold at the marked price, then the profit percentage will bea)10%b)20%c)d)Correct answer is option 'C'. Can you explain this answer?
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