Question
Download Solution PDFA merchant increases the cost price of an item by 30% and offers a discount of 15% on this marked price. What is his profit percentage?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Discount % = 15%
Mark-up = 30%
Formula:
SP - CP = Profit
Profit % = (SP - CP)/CP × 100
Selling price = Marked price × Discount/100
Calculation:
Let the cost price of goods be Rs.100
Marked price of goods = 100 × 130/100 = Rs.130
The selling price of goods = 130 × (100 - 15)/100
= 130 - 19.5 = Rs.110.5
Profit % = (110.5 - 100)/100 × 100
= 10.5%
∴ His profit percentage is 10.5
Last updated on Jun 26, 2025
-> The Staff selection commission has released the SSC CHSL Notification 2025 on its official website on 23rd June 2025.
-> The SSC CHSL Apply Online 2025 has been started and candidates can apply online on or before 18th July.
-> The SSC has released the SSC CHSL exam calendar for various exams including CHSL 2025 Recruitment. As per the calendar, SSC CHSL Application process will be active from 23rd June 2025 to 18th July 2025.
-> The SSC CHSL is conducted to recruit candidates for various posts such as Postal Assistant, Lower Divisional Clerks, Court Clerk, Sorting Assistants, Data Entry Operators, etc. under the Central Government.
-> The SSC CHSL Selection Process consists of a Computer Based Exam (Tier I & Tier II).
-> To enhance your preparation for the exam, practice important questions from SSC CHSL Previous Year Papers. Also, attempt SSC CHSL Mock Test.
-> The UGC NET Exam Analysis 2025 for the exam conducted on June 25 is out.