Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A tradesman marks his products 35% above the cost price and allows his customers 15% reduction on their bills. What percentage of profit does he make ?

Options:

14.25

14

14.75

14.10

Correct Answer:

14.75

Explanation:

Let the cost price of the article = 100

Markup = 35%

Discount = 15%

According to the question = 100 × \(\frac{135}{100}\)  × \(\frac{85}{100}\)  = 114.75

then the profit percentage = (114.75 - 100)  × \(\frac{100}{100}\)  = 14.75