A trader marks his goods at 35% above the CP and then allows purchasers a discount of 15%. What is his profit percent?
Answers
Answered by
1
Answer: 14.75% profit
Step-by-step explanation:
Assume CP = 100 Rs.
Marked up % = 35%
Marked price = CP * (100+markup%)/100
= 100 * 135/100 = 135 Rs.
Discount % = 15%
Selling price = MP*(100-Discount%)/100
= 135 * 85/100 = 114.75 Rs.
Profit% = SP-CP/CP * 100 = 114.75-100/100 * 100
= 14.75/100 * 100 = 14.75%
ALTERNATE:
P% = Markup% - discount% - Markup% * discount%/100
= 35 - 15 - 35*15/100 = 20 - 5.25 = 14.75%
Answered by
0
Answer:14.75%
Step-by-step explanation:
Let CP = 100
MP = 135
Discount = 15% of 135 = 20.25
SP = MP - Discount = 135 - 20.25 = 114.75
Profit = 114.75 - 100 = 14.75 %
Expressed as %, Profit = 14.75%
Notes :
- MP is always expressed as a % of CP
- Discount is always given on MP
Similar questions