Multiple Choice Questions on If a discount of 10 percent is given on the marked price of the article then the seller gains 20 per........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

If a discount of 10 percent is given on the marked price of the article then the seller gains 20 per...........

Quant (SSC) Profit and loss
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    If a discount of 10 percent is given on the marked price of the article then the seller gains 20 percent profit. Find the percent profit if the article is sold at 20 percent discount.

    10/3 %

    Incorrect Answer

    20/3 %

    Correct Answer

    25/3 %

    Incorrect Answer

    40/3 %

    Incorrect Answer
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    Explanation:

    Let marked price = 100
    90 = (120/100)*cp, cp = 75
    Now discount = 20% so, SP = 80
    % profit = [(80 – 75)/75]*100 = 20/3

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