1.

A trader’s marked price is 30% above the cost price. He allows his customers 10% discount on the marked price. What profit does he make?

Answer»

17 %



LET the cost price be RS.100. Then the MARKED price = Rs.130.

So, the Selling price = Rs. 130 – 10% of 130 = Rs.117

:. The profit = 117 – 100 = Rs.17 and the profit PERCENT = 17%



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