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Select the correct answerShweta buys a product at 25% discount rate. At what % over the cost price should she sell the product to make an overall 25% profit over the listed price?Options6070None of these66.667

Question

Select the correct answerShweta buys a product at 25% discount rate. At what % over the cost price should she sell the product to make an overall 25% profit over the listed price?Options6070None of these66.667

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Solution

To solve this problem, we first need to understand that the discount and profit percentages are calculated on the listed price.

  1. Let's assume the listed price of the product is $100.
  2. Shweta buys the product at a 25% discount, so she pays $75 for it (100 - 25% of 100).
  3. She wants to make a 25% profit over the listed price, so she wants to sell it for $125 (100 + 25% of 100).
  4. To find out at what percentage over the cost price she should sell the product, we calculate the difference between the selling price and the cost price, divide it by the cost price, and multiply by 100 to get the percentage.
  5. So, the percentage over the cost price is ((125 - 75) / 75) * 100 = 66.667%.

So, the correct answer is 66.667%.

This problem has been solved

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