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: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
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