Question

After allowing a discount of 10 percent on the marked price , a trader still makes a profit of 17 percent .By what percent is the marked price above cost price??​

Answer 1

Answer:

Given that,

Discount 10%

profit=17%

Let the cost price=100 rupees

Selling price=117

Let marked price x.

Then,

=10090x=117

x=90117×100

=130

Then,

Cost price =130−100=30

We get marked price is 30 rupees more than CP.