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Question
A shopkeeper earns a profit of 40% on the cost price of an article after giving three consecutive discounts of 5%, 10%, and 15% to a customer. What would have been the profit percentage, has the shopkeeper given discounts of 5% and 10% only?
Options
74.71 %
64.71%
66.71%
59.71 %
MCQ
Solution
64.71%
Explanation:
C.P × 140% = `"M.P." xx (100 - 5)/100 xx (100 - 10)/100 xx (100 - 15)/100`
`"C.P" xx 14/10 = "M.P." xx 19/20 xx 9/10 xx 17/20`
`("C.P")/("M.P.") = 2907/5600`
If just give 5% & 10% discount
S.P
Profit = 4788 − 2907
= 1881
Profit(%) = `1881/2907 xx 100`
= 64.71%
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Profit and Loss (Entrance Exam)
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