Math Problem Statement
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
Profit and Loss
Percentage Discounts
Cost Price, Selling Price, and Marked Price
Formulas
SP = M * (1 - Discount%)
SP = C * (1 + Profit%)
Profit or Loss % = ((SP_new - C) / C) * 100
Theorems
Basic Percentage Theorem
Suitable Grade Level
Grades 10-12
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