Question

A shopkeeper fixed the marked price of his radio to make a profit of 30%. Allowing 15
discount on the marked price, the radio was sold. What percent profit will he make?
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Answer 1

10.5%.....................

Answer 2

Answer:

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Step-by-step explanation:

The shopkeeper has fixed the marked price of his radio to make a profit of 30%. Therefore, the first price that the shopkeeper had intended for it to be sold is 130% of the original price. Now, it is stated that a 15% discount on the marked price, in this case the 130 percent price, would be the price that the radio would be sold.

First Price - 130% of original price

Marked Price(Second Price) - 0.85 of the first price

Second Price: 0.85 x 1.3 x 1 = 1.105

1.105 - 1 = 0.105(10.5%)

In conclusion, the shopkeeper is making a percentage profit of 10.5%.