A salesman calculated his profit on the marked price and finds it to be 30%. He forgets the fact that he gave a discount of 20%. What is his actual profit percentage?
A) 260/11% B) 18.4% C) 22.5% D) 100/7%
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Answer:
option c okkkk...........
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Answer:
If 20% of marked price is equal to 30% of cost price.
Let the marked price be ₹x and the cost price be ₹y.
20% of marked price = 20/100 × x = 0.20x
30% of cost price = 30/100 × x = 0.30x
As per statement
0.20x = 0.30y
20x = 30y
x = 30y/20
x = 3y/2
We know Selling price = Marked price - Discount
No discount is given. Therefore sale price
= ₹x - 0 = ₹x
Profit = Sale Price - Cost Price
= ₹x - ₹y
= ₹3y/2 - ₹y
= (3y - 2y) /2
Profit = y/2
We know Profit percentage = (Profit × 100)/Cost Price.
= y/2 × 100 / y
= 100y/2y
= 50
Profit Percentage = 50%
Answer the profit percentage will be 50%
hope this answer is beneficial.
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