Question 120
A seller offers his customer a discount of 30%. If the price is 50% above cost price, how much profit does the seller make?
Solution
Let us assume the Cost Price to be 100.
Price will be 1.5*100 = 150.
Selling price after giving a discount of 30% will be: 0.7*150 = 105.
Profit made by the seller = 105 - 100 = 5 i.e. 5%.
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