A shopkeeper marks his goods 40% above the cost price.He sells half of them at marked price,one
fourth at 20% discount and rest at 40% discount.Find his overall profit/loss percentage
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Answer:
19%
Step-by-step explanation:
CP = x
MP = 1.4x
SP (of half goods) = (1.4 x) 0.5 = 0.7x
SP (of one fourth) = (1.4*0.8 x)0.25 = (1.12 x) 0.25 = 0.28x
SP (of remaining) = (1.4*0.6 x) 0.25= (0.84 x)0.25 = 0.21x
Total SP = (0.7+0.28+0.21) x = 1.19x
Profit = {(1.19 -1)x} / x *100
= 19%
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