A person bought an article at a discount of 30% and sold it at 10% above the marked price. What is the profit percentage?
Show answer & explanation
Correct answer: C
Explanation
Let the marked price = ₹100
Cost price (CP) at a 30% discount = ₹70
Selling price (SP) at 10% above the marked price = ₹110
Profit = 110 - 70 = ₹40
Profit percentage = 40/70 × 100 = 400/7 = 57.14%