Math Problem Statement
A retailer prices his products to earn a 40% profit even after offering a 4a% discount. If on a particular day, instead of the usual discount, the retailer ends up giving a (3a + 25)% discount to a customer, what will be his percentage of profit or loss
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Profit and Loss
Percentage Calculation
Formulas
Selling Price (S.P.) after discount = Marked Price (M.P.) × (1 - Discount Percentage/100)
Marked Price (M.P.) = Cost Price (C.P.) × (1 + Profit Percentage/100) / (1 - Discount Percentage/100)
Profit or Loss Percentage = (Selling Price - Cost Price) / Cost Price × 100
Theorems
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Suitable Grade Level
Grades 10-12
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