A bookseller allowed a 10% discount on printed prices. He gets a 30% commission from the publisher. His profit in percent will be?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 200/7
Let the printed price of book = Rs 100
Now, he gives 10% discount on price:
So,
Selling price of book = 100 × 90/00 = Rs 90
Book seller purchases book at = 100 × 70/100 = Rs 70
Hence,
Profit% = (90 - 70)/70 × 100 = 200/7