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.
Add Comment
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.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.