A dealer marks his goods at 15% above the cost price and allows a discount of 5% for cash payment. His profit percentage is:
Answer & explanation
Correct answer: option 1
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%