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      Question

      The sale price of an item is set at 30% above the cost

      price. After giving a 10% discount on the marked price, what is the merchantтАЩs profit percentage?
      A 12 Correct Answer Incorrect Answer
      B 17 Correct Answer Incorrect Answer
      C 15 Correct Answer Incorrect Answer
      D 18 Correct Answer Incorrect Answer

      Solution

      Let CP = тВ╣100. MP = 130% of CP = тВ╣130. SP after 10% discount =130├Ч90/100 ┬а = тВ╣117. ┬а Profit =117-100= тВ╣17. Profit percentage = 17%.

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