Question

Choose the correct answer from the alternatives given :
Approximately how much percent should a trades man add on the price of his goods in order that he may make $10$% profit after allowing a rebate to the customer $4$% of the bill?

• A. $14$%
• B. $14.5$%
• C. $15$%
• D. $14\frac{1}{2}$%

Answer 1

The correct option is B $14.5$%

We know that,
$\frac{100\pm profit/Loss}{100-Discount}\times$ CP + MP
$\frac{100+10}{100-4}=\frac{110}{96}=\frac{MP}{CP}$
Required mark up percentage
= $\frac{14}{96}\times$ $100=14.58=14.5$% (approx.)