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?
Let marked price of table = Rs. $$100x$$
Discount % = 20%
=> Selling price = $$100x\times\frac{(100-20)}{100}=Rs.$$Â $$80x$$
Profit % = 60%
=> Cost price = $$80x\times\frac{100}{(100+60)}=Rs.$$ $$50x$$
Now, selling price if discount is 40% =Â $$100x\frac{(100-40)}{100}=Rs.$$Â $$60x$$
$$\therefore$$ New profit % = $$\frac{(60x-50x)}{50x}\times100$$
= $$10\times2=20\%$$
=> Ans - (A)
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