Question

If shopkeeper cheat his customer by giving 20% less quantity and reducing value of discount percentage by 20% then find the new profit percentage​

Answer 1

New profit percentage = 70 %

Step-by-step explanation:

Question has missing information ( attached)

Cost Price = C

Marked Price = 1.6C

Selling Price = 1.3C

Discount = (0.3C/1.6C) * 100 = 18.75%

Reduced Discount = (80/100)18.75 = 15%

20% less quantity

=> Cost Price = C - (20/100)C = 0.8C

Discount = (15/100)1.6C = 0.24C

Selling Price = 1.6C - 0.24C = 1.36C

Profit = 1.36C - 0.8C  = 0.56C

Profit % = (0.56C/0.8C) * 100

= 70 %

New profit percentage = 70 %

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