Question

2. A shopkeeper buys an item for 40% off the marked price. By what per cent should he increase the marked price
so that even after allowing a discount of 20%, he makes a profit of 40%?

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Answer 1

Answer:

20%

Step-by-step explanation:

Let the Marked Price when he bought be 100

= 100 - 40 (When he Bought)

= 60 + 40 (His Gain)

= 100 + 20 (Discount)

= 120

So, 100% was increased to 120%

= 120 - 100

= 20%