Practicing Success
If a tradesman marks his goods 25% above the cost price and allows his customers a 12% reduction on their bill, then the percentage profit he makes is ______. |
30% 20% 40% 10% |
10% |
Let the cost price of the goods = 100 Mark up = 25% Marked price = 125 Reduction = 12% Selling price of the goods = 125 × \(\frac{100 - 12}{100}\) = 125 × \(\frac{88}{100}\) = 110 Profit % = (110 - 100) × \(\frac{100}{100}\) = 10% |