A trader marks his goods at 40% above the cost price. He sells 70% of the goods at the marked price and the rest he sells by allowing a 40% discount on the marked price. His percentage profit is:
A. 23.4
B. 24.2
C. 23.2
D. 24.4
Answer: Option C
Solution (By Examveda Team)
Let, the cost price of 100 article is 100
Selling price = 98 + 25.2 = 123.2
Profit % $$ = \frac{{23.2}}{{100}} \times 100 = 23.2\% $$
This Question Belongs to Arithmetic Ability >> True Discount
Join The Discussion