Question

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 ? ​

Answer 1

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Answer 2

Answer:

Let the MP be Rs.100.

Initial SP=0.70×100=70%

New, SP=0.75×100=75%

Percentage change =( 75−70/70 ) ×100

= 5/70 × 100

= 7.14%

$= \frac{50}{7}\approx 7.1428$