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1. In order to maintain the price line a trader allows a discount of 10% on the marked price of an article. However, he still makes a profit of 17% on the cost price. Had he sold the article at the marked price, he would have earned a profit percent of = ?
Solution:
CP | SP | MP |
100×10 | 117×10 | |
90×13 | 100×13 | |
1000 | 1170 | 1300 |