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SSC CHSL 2024 · PYQ · Profit and Loss · medium

A shopkeeper decides to raise the marked price of an article by 40%. How much percentage discount should he allow to be able to sell the article at the original marked price?

  1. A.31(2/7)%
  2. B.24(3/7)%
  3. C.28(4/7)%✓ Correct
  4. D.26(3/7)%

Explanation

Let original marked price = 100. New marked price = 140. To sell at 100, discount = 40 on 140. Discount% = (40/140) × 100 = 200/7 = 28(4/7)%.
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