the marked price of an article is 32% above its cost price what is the rate of discount he can offer so that he gains 10%
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Answer: let the cp be X
Than marked price = 1.32X
For 10% profit the price Will X+.1X = 1.1X
Therefore, rate of discount will be 1.32X - 1.1X = .22X .
& In percentage , (.22X / X )*100 = 22% ans ( this is wrong answer which you will get everywhere) see the solved ans 50/3 in attached file or photo
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