Question

    The sale price of an item is set at 30% above the cost

    price. After giving a 10% discount on the marked price, what is the merchant’s profit percentage?
    A 12 Correct Answer Incorrect Answer
    B 17 Correct Answer Incorrect Answer
    C 15 Correct Answer Incorrect Answer
    D 18 Correct Answer Incorrect Answer

    Solution

    Let CP = ₹100. MP = 130% of CP = ₹130. SP after 10% discount =130×90/100 = ₹117. Profit =117-100= ₹17. Profit percentage = 17%.

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