Question

a dealer marks his goods as 16 percent above the cost price and then allows a discount of 8% find his profit percent ​

Answer 1

Step-by-step explanation:

Let the cost price of the goods 100%.

If the Seller marks up his goods 30% above the cost price, the marked price of goods will be (100+30) = 130%.

If he allows a discount of 15% on marked price on cash payment it means that he sold his goods at 85% of marked price as we know discount is always given on MRP.

To find selling price, find 85% of marked price.

Selling price of his goods will be (130*85)/100 = 110.50%

% profit = (110.50 - 100) = 10.5%