Percentage of Profit will be –

A seller increases the cost price of an article by 30% and fixed the marked price as ₹ 286. But during sale he gave 10% discount to the purchaser. Percentage of Profit will be-

  1. 15
  2. 20
  3. 17
  4. 10
Anurag Mishra Professor Asked on 7th October 2015 in Maths.
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  • 1 Answer(s)

    Answer: (3) 17

    Explanation:-
    Let the cost price of goods = Rs. 100
    A dealer marks his goods 30% above cost price.

    Then, the price of goods = 100 +100 x 30/100
    = 100 + 30
    = Rs. 130

    He gave 10% discount,
    Then, selling price = 130 – 130 x 10/100
    = 130 – 13
    = Rs. 117

    Gain% = 117 – 100
    = 17%

    Then, his gain percent is 17%

    Hence, the answer is (3) 17.

    Anurag Mishra Professor Answered on 7th October 2015.
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