ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!
  • google app store apple app store
    • тЬЦ

      Question

      A tradesman marks his goods 32% above the cost price and

      allows his customers 10% reduction on their bills. What percentage profit does he make?
      A 12.4% Correct Answer Incorrect Answer
      B 13.5% Correct Answer Incorrect Answer
      C 18.8% Correct Answer Incorrect Answer
      D 20% Correct Answer Incorrect Answer

      Solution

      The tradesman marks his goods 32% above the cost price, so a = 32%. He then gives a 10% discount, which is a reduction, so b = -10%. Use formula - a+b+ab/100 Overall Percentage Change = 32+ (-10) + 32 ├Ч (-10)/100 Overall Percentage Change = 22-3.2 =18.8% Thus, the tradesman makes an 18.8% profit.

      Practice Next
      More Profit and loss Questions

      Relevant for Exams:

      ask-question