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A shopkeeper sells a table at a discount...

A shopkeeper sells a table at a discount of 20% and earns a profit of 60%. If he sells the same table at 40% discount, then what will be his new profit per cent ?

A

20

B

30

C

35

D

40

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to determine the cost price (CP) and the selling price (SP) of the table when the shopkeeper sells it at different discounts. ### Step-by-Step Solution: 1. **Understanding the Given Information:** - The shopkeeper sells the table at a 20% discount and earns a profit of 60%. - We need to find out the new profit percentage when the discount is increased to 40%. 2. **Let’s Assume the Cost Price (CP):** - Let the cost price (CP) of the table be \( x \). 3. **Calculate the Selling Price (SP) at 20% Discount:** - If the profit is 60%, then the selling price (SP) can be calculated as: \[ SP = CP + Profit = x + 0.6x = 1.6x \] - The selling price is also related to the marked price (MP) after applying the discount: \[ SP = MP - (20\% \text{ of } MP) = MP \times (1 - 0.2) = 0.8 \times MP \] 4. **Equating the Two Expressions for SP:** - We can set the two expressions for SP equal to each other: \[ 1.6x = 0.8 \times MP \] - Rearranging gives us: \[ MP = \frac{1.6x}{0.8} = 2x \] 5. **Calculate the Selling Price (SP) at 40% Discount:** - Now, if the shopkeeper sells the table at a 40% discount, the new selling price (SP) will be: \[ SP = MP - (40\% \text{ of } MP) = MP \times (1 - 0.4) = 0.6 \times MP \] - Substituting the value of MP: \[ SP = 0.6 \times (2x) = 1.2x \] 6. **Calculate the New Profit:** - The new profit can be calculated as: \[ \text{Profit} = SP - CP = 1.2x - x = 0.2x \] 7. **Calculate the New Profit Percentage:** - The profit percentage is given by: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{CP}\right) \times 100 = \left(\frac{0.2x}{x}\right) \times 100 = 20\% \] ### Final Answer: The new profit percentage when the table is sold at a 40% discount is **20%**.
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