New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A merchant fixes the sale price of his goods at 42%

    above the cost price. He sells his goods at a 15% discount marked price. His percentage of profit (rounded off to the nearest integer) is:
    A 21% Correct Answer Incorrect Answer
    B 35% Correct Answer Incorrect Answer
    C 27% Correct Answer Incorrect Answer
    D 42% Correct Answer Incorrect Answer

    Solution

    Let CP =100 MP /CP = (100+P/L)/100-D) 142/100= (100+x)/85 100+x =120.7 So P% = 21% rounded off to the nearest integer

    Practice Next