In order to maintain the price line a trader allows a discount of 10% on the marked price of an article. However, he still makes a profit of 17% on the cost price. Had he sold the article at the marked price, he would have earned a profit percent of = ?
A. 30%
B. 32%
C. 33%
D. 35%
Answer: Option A
Solution(By Examveda Team)
CP | SP | MP |
100×10 | 117×10 | |
90×13 | 100×13 | |
1000 | 1170 | 1300 |
$$\eqalign{ & \therefore {\text{L}}{\text{.C}}{\text{.M of 117 and 90}} \cr & {\text{Profit}} = {\text{1300}} - {\text{1000}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,{\text{ = Rs}}{\text{. 300}} \cr & {\text{Profit}} = \frac{{300}}{{1000}} \times {\text{100 }} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{30% }} \cr} $$
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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