A mark an article 60% above its cost price. When he allows 4d% discount on…
2024
A mark an article 60% above its cost price. When he allows 4d% discount on marked price he earns 28% profit. If he allows 6d% discount, then find the profit/ or loss %?
Answer: A. 12% — Let the cost price be 100. The marked price is 160. A profit of 28% means the selling price is 128, so a 4d% discount equals 20%, giving d = 5. A 6d% discount…
- A.
12%
- B.
15%
- C.
18%
- D.
20%
- E.
24%
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Correct answer: A
Let the cost price be 100. The marked price is 160. A profit of 28% means the selling price is 128, so a 4d% discount equals 20%, giving d = 5. A 6d% discount is 30%, so the new selling price is 160 x 70% = 112. Hence the profit is 12%.
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