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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 ?
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- 50%
- 40%
- 60%
- 45%
Correct Option: A
Given in question , Profit = 32% and discount = 12%
Let the C.P. be 100 and the marked price be y.
∴ y × | = 132 | |
100 |
⇒ x = | |
88 |
= 150 i.e., more by 50%
Second method to solve this question :
Here, r = 12% , R = 32%
Required percentage = | × 100 | % | |||
100 − r |
Required percentage = | × 100% | |||
100 − 12 |
Required percentage = | × 100 = 50% | |
88 |