On reducing the marked price of an article by rs 32, a shopkeeper gains 15%. If the cost price of article is rs 320 and is sold at marked price. What will be gain%
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Cost Price = 320
Profit = 15% [Selling price is Rs.32 less than marked price]
==> SP at Rs 32 less than MP(marked price) = [(100+gain%)/100]xCP
= (115 / 100) x 320 = Rs.368.
==> MP = 368+32 = Rs.400.
Now if SP = 400 and CP = 320, Then gain = 400 - 320 = 80
Therefore gain % = (profit / CP) x 100 = (80 / 320) x 100 = 25 %
Profit = 15% [Selling price is Rs.32 less than marked price]
==> SP at Rs 32 less than MP(marked price) = [(100+gain%)/100]xCP
= (115 / 100) x 320 = Rs.368.
==> MP = 368+32 = Rs.400.
Now if SP = 400 and CP = 320, Then gain = 400 - 320 = 80
Therefore gain % = (profit / CP) x 100 = (80 / 320) x 100 = 25 %
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