The marked price of an article is 30% above the cost price, and the article is sold at 10% less than the marked price. The profit percentage is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 17% .
Let cost price = 100
Marked price = 100 + 30% of 100 = 130
Selling price = 130 − 10% of 130 = 130 − 13 = 117
Profit = Selling price − Cost price = 117 − 100 = 17
Profit % = (17 ÷ 100) × 100 = 17%