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## #1 2015-04-17 05:21:28

### Profit And Loss Quiz Question.

**Question:**

The price of an article reduces to 576 after two successive discounts. The markup is 80% above the cost price of Rs. 500. What is the new profit percentage if instead of two successive discounts the markup price was further increased successively two times by the same percentage?

**Option A):**

157%**Option B):**

159.2%**Option C):**

259.2%**Option D):**

300%

**Correct Answer is Option B):**

159.2%

**Explanation:**

CP = 500

SP = 576

MP = 900 [80% above the CP]**Now,**

SP = MP*[1-(R/100)]2

[R = Rate of Discount ]

576 = 900*[1-(R/100)]2

R = 20%

**Again,**

SP = MP*[1+(R/100)]2

SP = 900*[1+(20/100)]2

SP = 1296**New Profit Percentage,**

= [(SP-CP)/CP]*100

= [(1296-500)/500]*100

= 159.2%.

You cannot discover the new oceans unless you have the courage to lose the sight of the shore.

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## 2015-04-17 05:21:28

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### Re: Profit And Loss Quiz Question.

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