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A product is marked at a price 40% above its cost price. At what discount it should be sold so as to make 0% profit?1). 20%2). 28.6%3). 32.4%4). 40% |
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Answer» Let the COST PRICE of product be RS. ‘x’ Marked price = (100 + 40)% of x = 1.4x Since, profit = 0% Selling price = cost price = x Now, DISCOUNT = Marked price – Selling price = 1.4x – x = 0.4x ∴ Discount % = (0.4x/1.4x) × 100 = 28.6% |
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