Multiple Choice Questions on A shopkeeper bought an article at 20 discount on the marked price and he sold it at a profit of 40 o........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A shopkeeper bought an article at 20 discount on the marked price and he sold it at a profit of 40 o...........

Quant (SSC) Profit and loss
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    A shopkeeper bought an article at 20% discount on the marked price, and he sold it at a profit of 40% on the marked price. What is the actual profit% made by the shopkeeper?

    55%

    Incorrect Answer

    45%

    Incorrect Answer

    75%

    Correct Answer

    72%

    Incorrect Answer
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    Explanation:

    Let MP = 100
    So CP = Rs 80
    And SP = 140
    So actual profit% = (140-80)/80 * 100 = 75%

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