Question

If the MP is $30\%$ above CP and a discount of $10\%$ is given for cash payments, what is the profit?

• A. $10\%$
• B. $15.5\%$
• C. $17\%$
• D. $18.5\%$

Answer 1

Answer: (C)

$17\%$

Now according to question:

Let, $CP=100$

$MP=100+30\%of100=Rs130$

$Discount=10\%ofMP=Rs13$

$SP=MP-Discount=130-13=Rs117$

$Profit=SP-CP=117-100=Rs17$

Hence,

$Gain\%=\frac{gain}{CP}\times 100=17\%$