The marked price of an item is Rs1500 and 10% discount is given to make 20% profit by what percent is the discount to be increased to get only 12% profit
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Step-by-step explanation:
Key concepts to learn :
Discount is always applied on marked price.
Profit = SP - CP
VAT is applied on Selling Price
SP = 10170/113 x 100 = 9000
If profit is 20% then :
CP = 9000/120 x 100 = 7500
MP = 9000/90 x 100 = 10000
For 12% profit, SP = 7500 x 112/100 = 8400
=> SP = 8400/10000 x 100 = 84% of MP
=> Discount = 16% of MP
:-)
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