A dealer marks a dishwasher 40% above the cost price and allows a discount of 11% on it. What is his profit (rounded off to 1 decimal place) percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 24.6%.
Profit percentage = 40 - 11 - (40 × 11)/100 = 29 - 4.4 = 24.6%