Question
A trader used to make 5% profit on an item selling at usual marked price. One day, he trebled the marked price of the item and finally offered a discount of
30%. Find the percentage profit he made on the item that day.
Answer: Option A
:
A
Let the earlier cost price of the item = Rs.100
i.e. Earlier marked price = Rs.105.
On that day, 30% discount is offered on Rs. 3 × 105 = Rs.315
Thus, new selling price = Rs.220.50
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:
A
Let the earlier cost price of the item = Rs.100
i.e. Earlier marked price = Rs.105.
On that day, 30% discount is offered on Rs. 3 × 105 = Rs.315
Thus, new selling price = Rs.220.50
New Profit percentage = 120.50%
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