Q32
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 = ?
A.
30%
AnswerB.
32%
C.
33%
D.
35%
Answer: Option A
Solution
Answer: Option A
Solution:
| CP | SP | MP |
| 100×10 | 117×10 | |
| 90×13 | 100×13 | |
| 1000 | 1170 | 1300 |
\begin{aligned} & \therefore {\text{L}}{\text{.C}}{\text{.M of 117 and 90}} \\ & {\text{Profit}} = {\text{1300}} - {\text{1000}} \\ & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,{\text{ = Rs}}{\text{. 300}} \\ & {\text{Profit}} = \frac{{300}}{{1000}} \times {\text{100 }} \\ & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{30% }} \\\end{aligned}