Question

A dealer marks the price of all the goods at 30% above the cost price and assumes that he will make a profit of 15% if he offers a discount of 15%. Find what will be his actual profit on sales?

Options

• 15%

• 30%

• 12.50%

• 10.50%

Answer 1

10.50%
Explanations : 

Let the cost price of goods be ₹100.
Marked price (Selling Price) marked by the shopkeeper on goods = ₹130.
He sells the goods at a discount of 15%
Therefore,
selling price = 85% of ₹130 = ₹110.50
Gain = SP - CP = 110.5 -100 = 10.50 %