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A shopkeeper mark up the price of a arti...

A shopkeeper mark up the price of a article `(3)/(2)th` time the cost price. He gave some discount to a customer and earn a profit such that, percentage of profit he earn and percentage of discount he gives is same. Find the discount percent.

A

A)`30%`

B

B)`20%`

C

C)`40%`

D

D)`25%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we will follow these steps: ### Step 1: Understand the relationship between Cost Price (CP), Marked Price (MP), and Selling Price (SP) Given that the shopkeeper marks up the price of an article to \( \frac{3}{2} \) times the cost price, we can express this mathematically: - Let the Cost Price (CP) be \( 2 \) units. - Then, the Marked Price (MP) will be: \[ MP = \frac{3}{2} \times CP = \frac{3}{2} \times 2 = 3 \text{ units} \] **Hint:** Remember that the Marked Price is a multiple of the Cost Price based on the markup given. ### Step 2: Calculate the Markup Percentage The markup percentage can be calculated as follows: \[ \text{Markup Percentage} = \left( \frac{MP - CP}{CP} \right) \times 100 \] Substituting the values: \[ \text{Markup Percentage} = \left( \frac{3 - 2}{2} \right) \times 100 = \left( \frac{1}{2} \right) \times 100 = 50\% \] **Hint:** The markup percentage is the increase in price relative to the cost price. ### Step 3: Set up the Profit and Discount Relationship Let the discount percentage be \( K \). According to the problem, the profit percentage is equal to the discount percentage: \[ \text{Profit Percentage} = K \] Using the formula for profit percentage: \[ \text{Profit Percentage} = \text{Markup Percentage} - \text{Discount Percentage} - \left( \frac{\text{Markup Percentage} \times \text{Discount Percentage}}{100} \right) \] Substituting the known values: \[ K = 50 - K - \left( \frac{50 \times K}{100} \right) \] **Hint:** The profit percentage is derived from the markup and discount percentages. ### Step 4: Simplify the Equation Rearranging the equation: \[ K + K + \frac{50K}{100} = 50 \] This simplifies to: \[ 2K + \frac{1}{2}K = 50 \] Combining the terms: \[ \frac{5}{2}K = 50 \] **Hint:** Combine like terms to simplify the equation. ### Step 5: Solve for \( K \) To isolate \( K \): \[ K = 50 \times \frac{2}{5} = 20 \] **Hint:** When isolating a variable, ensure to perform the same operation on both sides of the equation. ### Conclusion The discount percentage \( K \) is \( 20\% \). **Final Answer:** The discount percentage is \( 20\% \).
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