A shopkeeper marks his goods 40% more than their cost price. If he allows 20% discount and earns 12% profit. If the cost price of the goods increased by 5%. What is the new profit if selling price is the same?
A) 4.5%
B) 7.5%
C) 9.1%
D) 6.7%
Kindly answer if you know how to solve ! DON'T SPAM
Level : Hard
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Answer:
cp=100
sp=140
new sp{ 140*.80=112
new cp=105
112-105=7
profit %=7/105*100
6.7%
d
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