Arithmetic Ability
Profit and Loss

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Q.

A salesman calculated his profit on the marked price and finds it to be 30%. He forgets the fact that he gave a discount of 20%. What is his actual profit percentage?

View Answer

Correct choice: D

Explanation:

When profit is calculated on Marked Price (M.P) then, C.P = M.P - P% Let M.P = 100 => C.P = 100 - 30 = 70 But S.P = Rs. 80 as he gave 20% discount, Now, Actual Profit = 80−70/70x100 = 100/7 %
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