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A shopkeeper allows no discount and gains 30% on an article costing ₹500.
During a sale he reduces the selling price by ₹100.
What is his new profit percent?

Class 7Profit and LossComparing Quantities
  • A10%
  • B12%
  • C15%
  • D8%

Step-by-Step Solution

Original SP = . New SP = 650 - 100 = 550. Profit = 50. Profit% = %.
Answer: A) 10%

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