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In the Bargain Bazar everyone purchases ...

In the Bargain Bazar everyone purchases with a fair bargaining, so the traders markup the prices too much. A trader marked up an article at ₹ M ejected huge profit if it is .sold on the marked price. But a customer purchased it at `M//2` with his fine bargaining skills, so the expected profit of the trader diminished by `66.66%`. What is the percentage discount fetched by the customer through bargaining?

A

a)`33.33%`

B

b)`50%`

C

c)`66.66%`

D

d)none of these

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will first define the variables and then calculate the required percentage discount. ### Step 1: Define the Variables Let the marked price of the article be \( M \). ### Step 2: Calculate the Selling Price The customer purchased the article at half the marked price, which can be expressed as: \[ \text{Selling Price (SP)} = \frac{M}{2} \] ### Step 3: Understand the Profit Situation Let’s denote the cost price (CP) of the article as \( CP \). The profit when sold at the marked price \( M \) is given by: \[ \text{Profit at marked price} = M - CP \] ### Step 4: Calculate the Expected Profit Reduction According to the problem, the expected profit diminishes by \( 66.66\% \) when sold at the selling price \( \frac{M}{2} \). This means the profit at the selling price is: \[ \text{Profit at selling price} = \text{Profit at marked price} - 66.66\% \text{ of Profit at marked price} \] This can be expressed as: \[ \text{Profit at selling price} = (1 - 0.6666)(M - CP) = 0.3334(M - CP) \] ### Step 5: Calculate the Profit at Selling Price The profit at the selling price can also be expressed as: \[ \text{Profit at selling price} = \frac{M}{2} - CP \] ### Step 6: Set Up the Equation Now we can set the two expressions for profit equal to each other: \[ \frac{M}{2} - CP = 0.3334(M - CP) \] ### Step 7: Solve for CP Expanding the right side: \[ \frac{M}{2} - CP = 0.3334M - 0.3334CP \] Rearranging gives: \[ \frac{M}{2} - 0.3334M = CP - 0.3334CP \] \[ \frac{M}{2} - 0.3334M = 0.6666CP \] Calculating the left side: \[ \frac{M}{2} - 0.3334M = \frac{0.5M - 0.3334M}{1} = \frac{0.1666M}{1} \] So we have: \[ 0.1666M = 0.6666CP \] Now, solving for \( CP \): \[ CP = \frac{0.1666M}{0.6666} = \frac{M}{4} \] ### Step 8: Calculate the Discount Now, we can find the discount given by the customer: \[ \text{Discount} = \text{Marked Price} - \text{Selling Price} = M - \frac{M}{2} = \frac{M}{2} \] ### Step 9: Calculate the Percentage Discount The percentage discount can be calculated as: \[ \text{Percentage Discount} = \left( \frac{\text{Discount}}{\text{Marked Price}} \right) \times 100 = \left( \frac{\frac{M}{2}}{M} \right) \times 100 = 50\% \] ### Final Answer The percentage discount fetched by the customer through bargaining is \( 50\% \). ---
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