A book seller allowed 10% discount on printed price. He gets 30% commission from publisher. His profit in percent will be?
A. 20%
B. $$28\frac{4}{7}$$%
C. 25%
D. $$28\frac{3}{7}$$%
Answer: Option B
Solution(By Examveda Team)
Let the marked price be of book be Rs. 100Cost price of the retailer = Rs. (100 - 30) = Rs. 70
Selling price for the retailer = Rs. 90
∴ Profit percent
$$\eqalign{ & = \left( {\frac{{90 - 70}}{{70}}} \right) \times 100 \cr & = \left( {\frac{{20}}{{70}}} \right) \times 100 \cr & = \frac{{200}}{7} \cr & = 28\frac{4}{7}\% \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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