A shopkeeper makes a profit 40% after giving a discount of 20%.What is the percentage mark up?
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he has made profit of 40%
i.e 100+40=140 is selling price
he gave discount of 20%
i.e 100-20=80 is discount
therefore,
140×100/80=100
his profit mark up is 100
i.e 100+40=140 is selling price
he gave discount of 20%
i.e 100-20=80 is discount
therefore,
140×100/80=100
his profit mark up is 100
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