A shopkeeper selling lamps mark up the price of the lamps by 40% above the cost price. After marking up the price, he sells the lamps at a discount but he suffers an overall loss of 16% after giving the discount. Find the discount percent that the shopkeeper offered. Options: 16% 34% O O 40% 56%

A shopkeeper selling lamps mark up the price of the lamps by 40% above the cost price. After marking up the price, he sells the lamps at a discount but he suffers an overall loss of 16% after giving the discount. Find the discount percent that the shopkeeper offered. Options: 16% 34% O O 40% 56%

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

A shopkeeper selling lamps mark up the price of the lamps by 40% above the cost price. After marking up
the price, he sells the lamps at a discount but he suffers an overall loss of 16% after giving the discount.
Find the discount percent that the shopkeeper offered.
Options:
0 0 0 0
16%
34%
56%
40%

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