Question

A trader allows a discount of 10% on marked price of the goods. He still manages to make a gross profit of 17% on CP. Find profit percent, had he sold the goods at marked price

Answer 1

Answer:

30%

Step By Step Explanation:


Let the CP be 100

gain% =17%

gain = gain %/100 *100

      =17/100*100

gain=17

Sp-Cp=gain

sp-100=17

SP=17+100

SP=117

discount= 10% of MP

let MP be x

10/100x=1/10x

discount =1/10x

SP=MP-discount

117=x-1x/10

10x/10 - 1x/10=117

9x/10=117

9x=117*10

x=1170/9

x=MP=130

MP-CP=difference between both

130-100= 30

convert the difference into percent

difference/CP*100

30/100*100

30%

therefore, the MP is 30% above the CP.



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