Practicing Success
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 ? |
14.25 14 14.75 14.10 |
14.75 |
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 |