Math Problem Statement

In a sale, a shopkeeper reduced the advertised selling price of a dress by 20%. This resulted in a profit of 4% over the cost price of the dress. What percentage profit would the shopkeeper have made if the dress had then been sold at the original selling price?

Solution

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Math Problem Analysis

Mathematical Concepts

Profit and Loss
Percentage
Cost Price
Selling Price

Formulas

Reduced Selling Price = Original Selling Price - 20% of Original Selling Price
Profit Percentage = (Profit / Cost Price) × 100
Profit = Selling Price - Cost Price

Theorems

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Suitable Grade Level

Grades 8-10