Practicing Success
A trader marks his goods at 45% above the cost price. He offers a discount of 21% to his customers. What is his percentage profit (rounded off to the nearest integer)? |
12% 18% 14% 15% |
15% |
Let the cost price of the article = 100 Markup = 45% Then the Marked price of that article = 145 Discount offered = 21% Selling price of that article = 79% of 145 = 79 × \(\frac{145}{100}\) = 114.55 Profit% = ( 114.5 - 100 ) × \(\frac{100}{100}\) = 14.55% = 15% |