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-
- 15
- 20
- 17
- 10
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.