Q. 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 percent?
A
20
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B
30
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C
35
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D
40
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Solution
The correct option is A 20 After 20% discount, the shopkeeper earns a 60% profit. Let the Marked price be x So, 0.8x=1.6 CP ⇒x=2CP⇒0.6x=1.2CP⇒ When given a 40% discount,the profit % is=20%