Question

A Businessman marks his goods at 30% above the cost price then he sells them at a discount of 15% find his profit percent.

Answer 1

Hope that answer is satisfactory to u.

Answer 2

The profit percent is 10.5%.

Step-by-step explanation:

Let x be the cost price.

A Businessman marks his goods at 30% above the cost price.

Marker price = $x+\frac{30}{100}x=x+0.3x=1.3x$

He sells them at a discount of 15%.

Selling price = $1.3x-1.3x\times \frac{15}{100}=1.3x-0.195x=1.105x$

We need to find his profit percent.

$\text{Profit percent}=\dfrac{SP-CP}{CP}\times 100$

where, SP is selling price and CP is cost price.

$\text{Profit percent}=\dfrac{1.105x-x}{x}\times 100$

$\text{Profit percent}=\dfrac{0.105x}{x}\times 100$

$\text{Profit percent}=0.105\times 100$

$\text{Profit percent}=10.5$

Therefore, the profit percent is 10.5%.

#Learn more:

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