A discount of 10% is given by a salesman for cash payment. What should be the marked price if he wants to earn a profit of 5% ?
A. 16.67%
B. 15%
C. 22%
D. 10%
Answer: Option A
Solution(By Examveda Team)
$$\eqalign{ & \,\,\,{\text{Cost price}}:{\text{Marked price}} \cr & \left( {100 - {\text{D}}\% } \right):\left( {100 + {\text{P}}\% } \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\underbrace {90\,\,\,\,\,\,\,\,\,\,{\text{:}}\,\,\,\,\,\,\,\,\,\,\,{\text{105}}}_{15} \cr} $$Percentage of marked price above cost price
$$\eqalign{ & = \frac{{15}}{{90}} \times 100 \cr & = 16\frac{2}{3}\% \cr & = 16.67\% \cr} $$
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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