Question

A publisher marks books at 50%above cost and allow 15%trade discount and further dicount of 4 %for cash payment .find his percentage of profit

Answer 1

Answer:

The profit percent is 22.4%.

Step-by-step explanation:

Let the cost price of book be Rs. x.

The marked price is:

$MP=x+0.5x=1.5x$

The two successive discount are 15% and 4%.

The selling price is:

$SP=MP\times(1-15\%)\times (1-4\%)\\=1.5x\times 0.85\times0.96\\=1.224x$

The profit is:

Profit = SP - CP

         = 1.224x - x

         = 0.224x

The profit percentage is:

$Profit\%=\frac{Profit}{CP}\times100 \\=\frac{0.224x}{x} \times100\\=22.4\%$

Thus, the profit percent is 22.4%.