Ram sold an article after giving X% discount and earned a profit of 40%. Had he sold the article after giving 2x%discount, he would have earned
a profit of 5%. What would be the approximate profit percent If he sells the article after giving a discount of 25% ?
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Answer:
Profit % = 31.25 %
Step-by-step explanation:
Let say CP = 100C
& Marked Price = 100M
after giving X% discount = (X/100)100M = MX
Selling Price = 100M - MX
earned a profit of 40%
Profit = (40/100)100C = 40C
=> Selling Price = 140C
100M - MX = 140C
after giving 2x%discount, he would have earned a profit of 5%
100M - 2MX = 105C
140C + MX = 105C + 2MX
=> MX = 35C
=> 100M - 35C = 140C
=> 100M = 175C
=> M = 1.75C
a discount of 25%
Selling Price = 100M - 25M = 75M = 75*1.75C = 131.25C
Cost Price = 100C
Profit = 131.25C - 100C = 31.25C
Profit % = 31.25 %
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Answer:
Step-by-step explanation:
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