The marked price of an article is 30% more than the cost price. A discount of 15% is offered on the marked price. By what percentage is the final price more than the cost price?
Answer & explanation
Correct answer: option 1
CP MP
100 - D% 100 + P%
100 - 15% 100 + x%
85 100 + x%
\(\frac{10}{13}\) = \(\frac{85}{100 + x%}\)
(100 + x%) = 110.5
x% = 10.5%