Practice | Hashtable

Home > Practice > Arithmetic Aptitude > True Discount > Miscellaneous

1. A seller marks his goods 30% above their cost price but allows 15% discount for cash payment. His percentage of profit when sold in cash is = ?

A. 10.5%

B. 15%

C. 9%

D. 8.5%

Solution:

Let cost price of item = Rs. 100
Marked price of item = 130% of 100

\begin{aligned} =  130 % of 100 \\ = \frac{130}{100} \times 100 \\ =  Rs . 130 \end{aligned}

After discount, selling price

\begin{aligned} =  85 % of 130 \\ = \frac{85}{100} \times 130 \\ =  Rs . 110 .5 \\ Profit % \\ = \frac{110.50 - 100}{100} \times 100 \\ = 10.5 % \end{aligned}

You must login to add comments. Login now.