Question : A tradesman marks his goods at 26% above the cost price. He allows his customers a discount of 12% on the marked price. His profit percentage is:
Option 1: 10.88%
Option 2: 11.08%
Option 3: 10.50%
Option 4: 10%

Question

Question : A dealer allows a 25% discount on the marked price of an article and gains 20%. If the cost price of the article increases by 20%, how much discount percentage should he allow on the marked price to earn the same percentage of profit as before?

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Answer 1

Correct Answer: 10.88%

Solution : Let the cost price be 100.
So, marked price = 100 + 26 = 126
He allows his customers a discount of 12% on the marked price.
$∴$ Selling price = $\frac{100 - 12}{100} \times 126 = 110.88$
$∴$ Profit percentage $= \frac{110.88 - 100}{100} \times 100 = 10.88 %$
Hence, the correct answer is 10.88%.

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Question : A tradesman marks his goods at 26% above the cost price. He allows his customers a discount of 12% on the marked price. His profit percentage is:Option 1: 10.88%Option 2: 11.08%Option 3: 10.50%Option 4: 10%

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Question : A tradesman marks his goods at 26% above the cost price. He allows his customers a discount of 12% on the marked price. His profit percentage is:
Option 1: 10.88%
Option 2: 11.08%
Option 3: 10.50%
Option 4: 10%