How Much Above Cost Price Must He Mark His Goods? If

A businessman allow a discount of 10% on the marked price. How much above the cost price must he mark his goods to mark his goods to make a profit of 17%?

  1. 30%
  2. 20%
  3. 27%
  4. 18%
Monis Rasool Professor Asked on 10th June 2015 in Maths.
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  • 1 Answer(s)

    Answer: (1) 30%
    Explanation:-
    Let be the market price is Rs.100.
    he allows 10% discount
    Then, the market price = 100 – 10 = 90

    He want to make 17% profit.
    Let be the X% above the cost price.
    Then,
    90 + 90 x X/100 = 117
    9X/10 = 117 – 90 = 27
    9X = 27 x 10 = 270
    X = 270/9 = 30%

    Hence, the answer is (1) 30%.

    Anurag Mishra Professor Answered on 11th June 2015.
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