Question

A dealer marks his goods 40% above the cost price and allows a discount of 10%.Find his profit percentage.

Answer 1

Answer:

26%

Step-by-step explanation:

Cost Price C

Marke Price = 40 % above Cost price

Marked Price = C + (40/100)C = 1.4C

Discount of 10 % on Marked Price

Discount = (10/100)*1.4C = 0.14 C

Selling Price = 1.4C - 0.14 C = 1.26 C

Profit = 1.26 C - C = 0.26 C

Profit % = (0.26C/C)* 100 = 26 %