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%
More Profit and loss Questions
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
What is the corporate tax rate for domestic companies in India?
As per the revision in GST rates under the GST reforms introduced by the government in 2025, the new GST tax slabs are ____
The stock market indices NIFTY and SENSEX are calculated on the basis of which of the following?
Relevant for Exams:
