A trader changed his trade discount from 20% to 15% . By what percentage was the selling price altered, the percentage of cash discount remaining the same as before ?
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Step-by-step explanation:
Let the MP be Rs.100.
Initial SP=0.75×100=75
New, SP=0.85×100=85
Percentage change = 75
85−75
75×100=
10=13
13%.
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