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Question

If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?


  1. Give a discount of 2% on retail price.

  2. Increase the retail price by 2%

  3. Sell at retail price

  4. Give a discount of 5% on retail price.


Solution

The correct option is C

Sell at retail price


Let the cost price be Rs. 100
Then selling price =100+(2100)×100=Rs.102
Retail price = (102×100)85=Rs.120
Now for 20% profit to be realised,
Clearly, the seller has to sell the item at retail price.

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