Practicing Success
A tradesman marks his goods at 26% above the cost price. He allows his customer a discount of 12% on the marked price. His profit per cent is: |
10.88% 11.08% 10.50% 10% |
10.88% |
CP MP Let 100 126 Discount = 12% on marked price means 88% of the MP So , Selling price = 126 × \(\frac{88}{100}\) = 110.88 So the profit percentage = 110.88 - 100 = 10.88% |