Question

A shopkeeper marks up his goods to gain 35% .But, he allows 10% discount for cash payment.His profit on the cash transaction therefore , in percentage is

Answer 1

cp=100
mp=135
sp=135×90/100=121.5
gain=21.5

Answer 2

Answer:

Profit%=48.5%

Step-by-step explanation:

Given : A shopkeeper marks up his goods to gain 35% .But, he allows 10% discount for cash payment.

To find : His profit on the cash transaction?

Solution :

Let the cost price be Rs.100

Then the market price is

$MP=CP+(G\%\times CP)$

$MP=100+(35\%\times 100)$

$MP=Rs.135$

For cash payment,

The selling price is

$SP=MP+D\%\times MP$

$SP=135+10\%\times 135$

$SP=135+13.5$

$SP=Rs.148.5$

Total profit% is

$P\%=\frac{SP-CP}{CP} \times 100$

$P\%=\frac{148.5-100}{100} \times 100$

$P\%=48.5\%$