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A canvas costs Rs. 500 and the marked price is printed as Rs. 800. What is the profit % for the seller if he sells and offers a discount of 10% on the marked price?1. 44%2. 33%3. 24%4. 45%5. 35% |
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Answer» Correct Answer - Option 1 : 44% GIVEN : C.P of canvas = Rs. 500 M.P of canvas = Rs. 800 Discount = 10%
CONCEPT : Discount & Marked price.
FORMULA USED : 1) Profit = S.P - C.P 2) Profit% = (Profit / C.P) × 100 3) S.P = {(100 - D%) / M.P} × 100
CALCULATION : After allowing a discount of 10% we get, ⇒ 90% of 800 ⇒ (90 / 100) × 800 ⇒ 720 ∴ S.P = Rs. 720 Profit = S.P - C.P ⇒ 720 - 500 ⇒ 220 Profit% = (Profit / C.P) × 100 ⇒ (220 / 500) × 100 ⇒ 44% The profit% for the seller is 44%. |
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