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The marked price of a chair is 150% of its cost price. A discount of 30% is given while selling the chair. What is the profit percentage ?

Solution

Correct Option: 2

Let CP = 100. MP = 150. SP = 150×(10.30)=150×0.70=105150\times(1-0.30)=150\times 0.70=105. Profit = 105100=5105-100=5. Profit% = 5%5\%.

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