A dealer marks his goods at 15% above th

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Percentages

Question:

A dealer marks his goods at 15% above the cost price and allows a discount of 5% for cash payment. His profit percentage is:

Options:

9.25 %

7.25 %

11.25 %

10.25 %

Correct Answer:

9.25 %

Explanation:

Let the C.P be Rs. 100

M.P = 100 + 15% of 100 = 115

Discount = 5%

S.P = 115 × (95/100) = Rs. 109.25

Profit % = 9.25%