An article costing Rs. 20 was marked 25% above the cost price. After two successive discounts...
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An article costing Rs. 20 was marked 25% above the cost price. After two successive discounts of the same percentage, the customer now pays Rs. 20.25. What would be the percentage change in profit had the price been increased by the same percentage twice successively instead of reducing it? 1. 3600% 2. 3200% 3. 2800% 4. 4000% 5. None of these An article costing Rs. 20 was marked 25% above the cost price. After two successive discounts of the same percentage, the customer now pays Rs. 20.25. What would be the percentage change in profit had the price been increased by the same percentage twice successively instead of reducing it? 1. 3600% 2. 3200% 3. 2800% 4. 4000% 5. None of these
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Answer rating: 100% (QA)
Solution 4 Cost price of the article 20 Selling price 2025 So profit 2025 ... View the full answer
Related Book For
Manufacturing Processes for Engineering Materials
ISBN: 978-0132272711
5th edition
Authors: Serope Kalpakjian, Steven Schmid
Posted Date:
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