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Question
A shopkeeper has a mark-up % of 75% and discount % of 35%. Also he sells only. 95 cm for a metre. The actual profit % of the shopkeeper is nearest to ______.
Options
20%
30%
40%
None of these
MCQ
Fill in the Blanks
Solution
A shopkeeper has a mark-up % of 75% and discount % of 35%. Also he sells only. 95 cm for a metre. The actual profit % of the shopkeeper is nearest to 20%.
Explanation:
Let CP per metre = ₹ 100
MP per metre = 175 and SP per metre
= 175 - 35% = 113.75
His actual cost is for 95 cm = ₹ 113.75
Profit % = `(113.75 - 95)/95 xx 100`
= 19.7% or 20% (approximately)
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Profit and Loss (Entrance Exam)
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