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)?
Answer & explanation
Correct answer: option 4
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%