While selling, a businessman allows 40% discount on the marked price and there is a loss of 30%. If it is sold at the marked price, profit percent will be
Let the marked price be Rs 100. Let the Cost price be Rs x.
A/c to question ,a businessman allows 40% discount on the marked price and there is a loss of 30%,
60 = $$\frac{70}{100}x$$
x = $$\frac{600}{7}$$
If it is sold at marked price ,Â
Profit = $$100 - \frac{600}{7} = \frac{100}{7}$$
Profit % = $$\frac{\frac{100}{7}}{\frac{600}{7}}Â \times 100 = \frac{50}{3}$$
So, the answer would be option c)16$$\frac{2}{3}$$ %
Create a FREE account and get: