A merchant fixes the sale price of his goods at 33% above the cost price. He selles his goods at 23% less than the fixed price. His profit percentage is :
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 2.41%.
Let the cost price of goods be 100x.
Fixed price = 133% of 100x = 133x
Selling Price = 133x × (100 - 23)/100
⇒ 133x × 77/100 = 102.41x
Profit % = [102.41x - 100x)/100] × 100
⇒ 2.41%