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Arithmetic Ability
Profit and Loss

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Every year before the festive season, a brand store increases the price of the product by 42% and then introduce two successive discount of 10% and 11% respectively. What is percentage loss and percentage gain ?

A. 3.25% loss

B. 13.742% loss

C. 3.25% gain

D. 13.742% gain

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Correct choice: D

Explanation:

Let CP = 100, 42 % increase => SP = 142 10 % discount in SP => ((142 x 10)/100) = 14.2 So 1st SP = (142 - 14.2) = 127.8, again 12 % discount in 1st SP ((127.8 x 11)/100) = 14.058 2nd SP = (127.8 - 14.058) = 113.742, So finally CP = 100, SP = 113.742, => gain = 13.742%.

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Arithmetic Ability Profit and Loss

Arithmetic Ability
Profit and Loss