Question
A merchant fixes the sale price of his goods at 30%
above the cost price. He sells his goods at a 10% 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) 130/100= (100+x)/90 100+x =117 So, P% = 17%
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