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Quantitative Aptitude :: Profit and Loss - Discussion

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A shopkeeper marked a suit at Rs.400. He sold it after allowing a discount, and still made at a profit of 25%. At what percentage above its cost price did he marked the suit, if he sold it for Rs.320?





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Solution: There are two selling prices equation equating them we will get the answer.

S.P on obtaining profit= S.P. on getting discount  ( let the C.P BE x)

125x/100 = 80/100 * 400

solving the equation we get x= 256 Rs that is the cost price. So Marked Price was 400

Therefore (400-256)/256 *100%  =56.25%

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