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A shopkeeper marks his goods at 32% above the cost price. He sells three-fifth of the goods at the marked price, one-fifth at a discount of 20% on the market price, and the remaining at 40% discount on the marked price. What is his profit/loss percentage?1. Loss 15.17%2. Loss 17.16%3. Profit 18.17%4. Profit 16.16% |
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Answer» Correct Answer - Option 4 : Profit 16.16% Calculation: Let cost price of goods be Rs.100 Marked price of goods = 100 × 132/100 = Rs.132 Selling price when discount is 20% = 132 × 80/100 = Rs.105.6 Selling price when discount is 40% = 132 × 60/100 = Rs.79.2 Total selling price of goods = 3/5 × 132 + 1/5 × 105.6 + 1/5 × 79.2 = Rs.116.16 ∴ Profit percentage = (116.16 - 100)/100 × 100 = 16.16% |
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