A retailer sells his goods to make a gain of 35%. He considers 1.0% discount for cash. Calculate his percentage profit when the goods are sold for cash.
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Answer:
21%
Step-by-step explanation:
mark up 35%
let cost be x
Mark up price = 1.35x
10% discount on 1.35x
=Selling price = 0.9*1.35x=1.21x
Cost price = x
selling price = 1.21x so margin = 21% on cost price
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