Practicing Success
A shopkeeper allows 10% discount on the marked price of an article and still gains 17%. If he gives 15% discount on the marked price, then his profit percent is: |
12 10.5 12.5 10 |
10.5 |
CP MP 100 - D% 100 + P% 100 - 10% 100 + 17% 90 117 Discount offered 15% on the MP = Selling price = 85% of the marked price = 85% of 117 = 99.45 Profit%= (99.45 - 90 ) × \(\frac{100}{90}\) = 10.5% |