What Profit does Really Make?

A  shopkeeper marks his goods 30% above the cost price but allows a 10% discount for cash payment. What profit does really make?

  1. 13%
  2. 17%
  3. 20%
  4. 21%
Monis Rasool Professor Asked on 28th July 2015 in Maths.
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1 Answer(s)

Answer: (2) 17 %
Explanation:-
Let the cost price of the goods = Rs.100
A  shop keeper marks his goods 30 % above the cost price.
Then, the cost price = 100 + 100 x 30/100
= 100 + 30
= Rs.130

He allows 10 % discount.
Then, the selling price = 130  – 130 x 10/100
= 130 – 13
= 117
The real profit = 117 – 100
= 17 %
Hence, the answer is (2) 17 %.

Anurag Mishra Professor Answered on 28th July 2015.
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