A dealer mark the price of an article by $40 %$ more than C.P, he allows $10 %$ commission, his profit per cent is

26

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

30

No worries! We‘ve got your back. Try BYJU‘S free classes today!

36

No worries! We‘ve got your back. Try BYJU‘S free classes today!

40

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A $26$
Let the cost price be $= R s . 100$
Marked price $= C P + 40 %$ of Cost Price
Marked Price $= 100 + 40 %$ of $100 = 100 + \frac{40}{100} \times 100 = 140$
Commission of $10 %$ on marked price is given
Hence, selling price $= M . P . - 10 %$ of MP
$S P = 140 - \frac{10}{100} \times 140 = 140 - 14 = 126$
$P r o f i t = S P - C P = 126 - 100 = 26$
Now, Profit Percent $= \frac{P r o f i t}{C P} \times 100 = \frac{26}{100} \times 100 = 26 %$

Suggest Corrections

Similar questions

A tradesman marks an article at Rs 205 more than the C.P. He allows a discount of 10% on the marked price. Find his profit % if the C.P. is Rs 1,600.

A dealer marks a damaged article at 10% above the cost price and then allows a discount of 10%. Find his gain or loss per cent

40

10

Join BYJU'S Learning Program