Practicing Success
A shopkeeper marks his articles at 30% above the cost price and allows the purchaser a discount of 20% for cash buying. What profit per cent does he make? |
4% 9% 6% 5% |
4% |
Let the cost price = 100 then the marked price = 130 Discount = 20% Then the sellilng price = 80% of the marked price = 80% of 130 = 104 Profit = 104 - 100 = 4 Profit % = 4 × \(\frac{100}{100}\) = 4% |