# 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%?

- 30%
- 20%
- 27%
- 18%

**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%.