📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A tradesman marks his goods 32% above the cost price and

    allows his customers 10% reduction on their bills. What percentage profit does he make?
    A 12.4% Correct Answer Incorrect Answer
    B 13.5% Correct Answer Incorrect Answer
    C 18.8% Correct Answer Incorrect Answer
    D 20% Correct Answer Incorrect Answer

    Solution

    The tradesman marks his goods 32% above the cost price, so a = 32%. He then gives a 10% discount, which is a reduction, so b = -10%. Use formula - a+b+ab/100 Overall Percentage Change = 32+ (-10) + 32 × (-10)/100 Overall Percentage Change = 22-3.2 =18.8% Thus, the tradesman makes an 18.8% profit.

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question