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A publisher gives his distributor a discount of 30% on the printed price of the books. The distributor sells these books to a bookseller at 20% discount on the printed price and the bookseller sells these books at the marked price. Calculate the profit percentage made by the distributor1. \(13 \frac{2}{7}\)%2. \(15 \frac{2}{7}\)%3. \(14 \frac{2}{7}\)%4. \(12 \frac{2}{7}\)% |
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Answer» Correct Answer - Option 3 : \(14 \frac{2}{7}\)% Given- Discount given by publisher = 30% Discount given by distributor = 20% Formula Used- Selling Price = Marked Price(1 - Discount%) Profit% = (SP - CP)/CP × 100 Calculation- Let the printed price of the book be 100 The publisher sells the book to distributor at 100(1 - 30%) ⇒ 70 Distributor sells the book to bookseller at 100(1 - 20%) ⇒ 80 ∴ Profit% of distributor = (80 - 70)/70 × 100 ⇒ \(14 \frac{2}{7}\)% |
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