Question : A merchant changed his trade discount from 25% to 15%. This would increase his selling price by:
Option 1: $3\frac{1}{3}$%
Option 2: $6\frac{1}{6}$%
Option 3: $13\frac{1}{3}$%
Option 4: $16\frac{1}{3}$%
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Correct Answer: $13\frac{1}{3}$%
Solution : Given: A merchant changed his trade discount from 25% to 15%. Let the marked price be Rs. 100. Now for a 25% discount the selling price is = (100 – 25) = Rs. 75 and for a 15% discount, the selling price is = (100 – 15) = Rs. 85 So, the increase in the selling price = ($\frac{85-75}{75}$×100) = $\frac{40}{3}$ = $13\frac{1}{3}$% Hence, the correct answer is $13\frac{1}{3}$%.
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