Question

The marked price of a traders goods are 30% higher than cost price. But he gives a discount of 10%. What percentage of gain does he get?​

Answer 1

QUESTION:

The marked price of a traders goods are 30% higher than cost price. But he gives a discount of 10%. What percentage of gain does he get.

ANSWER:

17%

TO FIND:

percentage of gain does he get

GIVEN:

➡️ The marked price of a traders goods are 30%

➡️higher than cost price

➡️a discount of 10%.

SOLUTION:

Let the cost price be 100

Marked price is 30% above it or 130.

Discount given is 10% of 130 or 13

Sale price is 130–13 =117

Profit is 17

Profit as percentage of cost is 17/100=17%