Question

A salesman calculated his profit on the marked price and finds it to be 30%. He forgets the fact that he gave a discount of 20%. What is his actual profit percentage?

Answer 1

When profit is calculated on Marked Price (M.P) then,

▪️C.P = M.P - P%

Let M.P = 100

 => C.P = 100 - 30 = 70

 But S.P = Rs. 80 as he gave 20% discount,

 Now, Actual Profit = 80-70/70x100

  = 100/7 %

Answer 2

12

Q:

A salesman calculated his profit on the marked price and finds it to be 30%. He forgets the fact that he gave a discount of 20%. What is his actual profit percentage?   

A) 260/11%B) 18.4%C) 22.5%D) 100/7%

Answer:   D) 100/7% 

Explanation:

When profit is calculated on Marked Price (M.P) then,

C.P = M.P - P%

Let M.P = 100

 => C.P = 100 - 30 = 70

 But S.P = Rs. 80 as he gave 20% discount,

 Now, Actual Profit = 80-7070x100

  = 100/7 %