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Question

An article passing through two hands, is sold at a profit of 38% at the original price. If the 1st dealer makes a profit of 20% then the profit % made by second?
  1. 15
  2. 20
  3. 21
  4. 22

A
15
B
20
C
22
D
21
Solution
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Let original price was Rs. 100.
With 38% profit the selling price would be
=100+38% of 100=100+38100×100= Rs. 138
First dealer makes a profit of 20% , then he must have sold it at,
=100+20% of 100=100+20100×100= Rs. 120
Now, profit for second dealer =138120= Rs. 18
% profit =18100×120=15 %.

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