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A shop keeper marks his goods 30% above the C.P and allows 10% discount on the marked priceHis profir percent?15%16%17%18%

Question

A shop keeper marks his goods 30% above the C.P and allows 10% discount on the marked price.

His profit percent?

  • 15%
  • 16%
  • 17%
  • 18%
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Solution

Let's solve this step by step:

Step 1: Assume the cost price (C.P) of the goods is $100.

Step 2: The shopkeeper marks his goods 30% above the C.P. So, the marked price will be 100+30100 + 30% of 100 = $130.

Step 3: He allows a 10% discount on the marked price. So, the selling price will be 13010130 - 10% of 130 = $117.

Step 4: The profit made by the shopkeeper is the selling price - cost price = 117117 - 100 = $17.

Step 5: The profit percent is (Profit/C.P) * 100 = (17/17/100) * 100 = 17%.

So, the profit percent of the shopkeeper is 17%.

This problem has been solved

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