Profit and Loss Practice Test 2

Question : 9 of 40

Marks: +1, -0

A businessman allows a discount of 10% on the written price. How much above the cost price must he mark his goods to make a profit of 17%?

Solution:

Let the marked price = x
Sale price

=x-10/100x=9/10x

Cost price

=100/{100+\gain%}×SP

=100/117×9/10x=10/13x

Increased percentage

={MP-CP}/{CP}×100

={x-10/13x}/{10/13x}×100

=3/13x×13/{10x}×100=30%

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