While selling to the retailer, a company allows 30% discount on the marked price of its products. If the retailer sells those products at marked price, his profit per cent will be ________.
Answer & explanation
Correct answer: option 2
Let the marked price of the product = 100
Discount = 30%
Selling price = 70% of 100 = 70
SP for the retailer = 100
Profit % = (100 - 70) × \(\frac{100}{70}\) = $42\frac{6}{7}$%