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Question

A retailer marks his goods at a price that he would get a profit of 40%. He sold 40% of the goods at this price, half of the remainings at a discounts of 20% each. Find his loss percent or profit percent on the whole.

A
16.6% profit
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B
16.6% loss
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C
19.6% profit
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D
19.6% loss
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Solution

The correct option is B 19.6% profit
Lets assume that retailer bought 100 goods @ Rs 100 each
He wants 40% profit, then marked price = 100+40=Rs140 each
He sold 40% goods on M.P = 40×140=Rs.5600
Half of remaining at 20% discount, then S.P = 140×80×30100=Rs 3360
Total price =5600+3360+3000=Rs.11960
Profit =1196010000=Rs 1960
% of profit = 1960×10010000=19.60%

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