A trader marks his washing machine 30% above the cost price and offers a discount, Find the discount percentage if the trader makes a profit of 17%
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Let the cost price of the goods 100%.
If the Seller marks up his goods 30% above the cost price, the marked price of goods will be (100+30) = 130%.
If he allows a discount of 15% on marked price on cash payment it means that he sold his goods at 85% of marked price as we know discount is always given on MRP.
To find selling price, find 85% of marked price.
Selling price of his goods will be (130*85)/100 = 110.50%
% profit = (110.50 - 100) = 10.5%
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