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After giving a discount of 25%, a shopke...

After giving a discount of 25%, a shopkeeper earns 40% profit. Marked price is what percent more than the cost price?

A

`80%`

B

`75%`

C

`86.67%`

D

`85%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to find out what percentage more the marked price is than the cost price, given the discount and profit percentages. ### Step 1: Understand the given information - Discount = 25% - Profit = 40% ### Step 2: Define the variables Let: - Cost Price (CP) = 100 (for ease of calculation) - Marked Price (MP) = ? - Selling Price (SP) = CP + Profit = 100 + 40% of 100 = 140 ### Step 3: Calculate the Selling Price after discount Since the shopkeeper gives a discount of 25% on the Marked Price, we can express the Selling Price in terms of the Marked Price: - Selling Price (SP) = Marked Price (MP) - Discount on MP - Discount on MP = 25% of MP = 0.25 * MP - Therefore, SP = MP - 0.25 * MP = 0.75 * MP ### Step 4: Set up the equation From Step 2, we know that SP = 140. Now we can set up the equation: \[ 0.75 \cdot MP = 140 \] ### Step 5: Solve for Marked Price (MP) To find MP, we rearrange the equation: \[ MP = \frac{140}{0.75} \] \[ MP = \frac{140 \times 100}{75} = \frac{14000}{75} = 186.67 \] ### Step 6: Calculate the percentage more of MP than CP Now we need to find out how much more the Marked Price is than the Cost Price: - Difference = MP - CP = 186.67 - 100 = 86.67 - Percentage more = \(\frac{Difference}{CP} \times 100\) \[ \text{Percentage more} = \frac{86.67}{100} \times 100 = 86.67\% \] ### Final Answer The Marked Price is 86.67% more than the Cost Price. ---
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