Question

a trader bought a product of rs 200 if marks his goods 20% above the cost price and gives a discount of 10% for cash find his profit percentage

Answer 1

Answer:  The required profit percentage is 8%.

Step-by-step explanation:  Given that a trader bought a product of rs 200.  He marks his goods 20% above the cost price and gives a discount of 10% for cash.

We are to find the profit percentage.

The marked price of the product is given by

$M.P.\\\\=200+20\%\times200\\\\=200+\dfrac{20}{100}\times200\\\\\\=200+40\\\\=240$

Since the trader gave 10% discount, so the final S.P. pf the product is

$S.P.\\\\=240-10\%\times240\\\\=240-\dfrac{10}{100}\times240\\\\=240-24\\\\=216.$

So, the profit of the trader is

$P=S.P.-C.P.=216-200=16.$

Therefore, the profit percentage is given by

$P\%=\dfrac{16}{200}\times100\%=8\%.$

Thus, the required profit percentage is 8%.