Question

A shopkeeper marks his goods 30% above the cost price and give a discount of 15% on the marked price what gain percent does he make

Answer 1

Answer:

10.5 %

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Step-by-step explanation:

Cost Price = C

Marked Price = C + (30/100)C = 1.3C

Discount of 15% on Marked Price

Discount = (15/100) * 1.3C = 0.195 C

Selling Price = 1.3C - 0.195C = 1.105 C

Profit = 1.105C - C = 0.105 C

Profit Percentage = (0.105C/C)*100 = 10.5 %