A dealer marks the price of an article by 40% more than C.P. He allows 10% commission, his profit percent is (1) 26 (2) 30 (3) 36 (4) 40 pls tell fast
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Let the cost price be = R s . 100
Marked price =CP+40% of CP
Marked Price =100+40%OF 100
=140
Commission of 10 % on marked price is given
Hence, selling price = M . P . -10 % of MP
Hence, selling price = M . P . − 10 % of MP
SP=126
Pr o f i t = S P − C P =126-100=26
Profit perecnt= 26%
Step-by-step explanation:
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