A person marks his goods x% above the cost price and allows a discount of 30% on the mark price. If his profit is 5%, then the value of x will be.
Answer & explanation
Correct answer: option 3
CP MRP
(100 - 30) (100 + 5)
70 105
x% = \(\frac{(105 - 70)}{70}\) × 100
= 50%