A merchant allows a discount of 10% on marked price for the cash payment. To make a profit of 17%, he must mark his goods higher than their cost price by = ?
A. 33%
B. 40%
C. 27%
D. 30%
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & {\text{Let the cost price = Rs}}{\text{. 100}} \cr & {\text{Selling price }} \cr & {\text{ = 117}}\% {\text{ of 100 }} \cr & {\text{ = Rs}}{\text{. 117}} \cr & {\text{Marked price}} \cr & {\text{ = 117}} \times \frac{{100}}{{90}}{\text{ }} \cr & {\text{ = Rs}}{\text{. 130}} \cr & {\text{Marked price above }}\% \cr & = \frac{{130 - 100}}{{100}} \times 100\% \cr & = 30\% \cr} $$Related Questions on True Discount
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
A. 12%
B. 13%
C. 15%
D. 14%
A. Rs. 9025.20
B. Rs. 9200
C. Rs. 9600
D. Rs. 9560
A. Rs. 12,000 in cash
B. Rs. 12,880 at credit
C. Both are equally good
D. Rs. 18.33
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