shopkeeper marks his sarees at 40% above the cost price and allows the purchaser a discount of 15% for cash buying. What profit per cent does he make? *
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Answer:
Let be cost price =Rs.100
Then mark price =Rs.120
∴ Selling price =90% of 120
= 120×90/100
=Rs.108
Profit = Selling price− Cost price
=Rs.(108−100)=Rs.8
Profit % = 8×100/100
=8%
8 × 2 = 16%
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