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  1. How much percent above the cost price should a shopkeeper mark his goods so as to earn a profit of 32% after allowing a discount of 12% on the marked price ?
    1. 50%
    2. 40%
    3. 60%
    4. 45%
Correct Option: A

Let the C.P. be ₹ 100 and the marked price be ₹ p.

∴  p ×
88
= 132
100

⇒  p =
132 × 100
88

= 150 i.e., more by 50%
∴  Required percentage = 50%
2nd method to solve this question.
Here, Gain % = 32%,, r1 = 12%, r = ?
Gain % =
r × (100 − r1)
− r1
100

32 =
r × (100 − 12)
− 12
100

44 =
r × 88
100

r = 50%


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