A tradesman marks his goods at 30% above the cost price. If he allows the customers a 10% discount, how much percentage does he make as profit?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 17%.
Let The Cost Price (CP) = ₹100
Marked 30% above CP:
MP = 100 + 30% of 100 = 100 + 30 = ₹130
He gives 10% discount on MP:
SP = 130 - 10% of 130 = 130 - 13 = ₹117
Profit = SP - CP = 117 - 100 = ₹17
Profit Percentage =