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 merchant’s profit percentage?Solution
Let CP = ₹100. MP = 130% of CP = ₹130. SP after 10% discount =130×90/100 = ₹117. Profit =117-100= ₹17. Profit percentage = 17%.
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