A shop keeper marks his goods 30% above the C.P and allows 10% discount on the marked priceHis profir percent?15%16%17%18%
Question
A shop keeper marks his goods 30% above the C.P and allows 10% discount on the marked priceHis profir percent?15%16%17%18%
Solution
Let's solve this step by step:
Step 1: Assume the cost price (C.P) of the goods is $100.
Step 2: The shopkeeper marks his goods 30% above the C.P. So, the marked price will be 100 = $130.
Step 3: He allows a 10% discount on the marked price. So, the selling price will be 130 = $117.
Step 4: The profit made by the shopkeeper is the selling price - cost price = 100 = $17.
Step 5: The profit percent is (Profit/C.P) * 100 = (100) * 100 = 17%.
So, the profit percent of the shopkeeper is 17%.
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