Question

A businessman marks his goods at 30%
above the cost price. He then sells them
at a discount of 15%. Find his profit
percentage.
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Answer 1

Answer:

ANSWER

Best idea to get instant answer is put the cost of product of to be Rs 100/-

Market price = 130 % of 100 = 130

selling price = 130-15% of 130 = 110.5

Net profit = 110.5 - 100 = 10.5 Rs on Rs 100

Net percentage gain = 10.5 %