Mathematics · Profit and Loss
A trader gains 40% by selling an article after two successive discounts of 20% and 10% on its marked price. If the cost price of the article is increased by 50%, then what single discount percentage (rounded off to one decimal place) should he now give on the same marked price to get the same profit percentage as earlier?
- 152.5%
- 248.0%
- 362.5%
- 458.0%✓
Correct answer
58.0%
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