Question

If a salesman gets his goods from wholesale at 5% less while he keeps the selling price fixed, his profit increases to (x + 10)% from his present profit of x%.

What is the value of x?​

Answer 1

Answer:

Let be cost price =Rs.100

Then mark price =Rs.120

∴ Selling price =90% of 120

=100120×90=Rs.108

Profit = Selling price− Cost price

=Rs.(108−100)=Rs.8

Profit % =1008×100

=8%