Rabi sahu fixed the marked price of his radio to make a profit of 30% .Allowing 15% discount on the marked price,the radio was sold.What percent profit did he make?
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Answer:
let the cost price is 100
now marked price is 30% more than cost price so
marked price =130 Rs
now 15% discount
so selling price=130-(130*15/100)
=130-19.5
=110.5 Rs
now profit=110.5-100
=10.5 RS
so percentage profit=(10.5*100/100)%
profit=10.5%
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