Join ExamsbookAnswer : 4. "100/7%"
A salesman calculated his profit on the marked price and finds it to be 30%. He forgets the fact that he gave a discount of 20%. What is his actual profit percentage?5
Q: A salesman calculated his profit on the marked price and finds it to be 30%. He forgets the fact that he gave a discount of 20%. What is his actual profit percentage?
- 1260/11%false
- 218.4%false
- 322.5%false
- 4100/7%true
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Answer : 4. "100/7%"
Explanation :
Answer: D) 100/7% Explanation: When profit is calculated on Marked Price (M.P) then, C.P = M.P - P% Let M.P = 100 => C.P = 100 - 30 = 70 But S.P = Rs. 80 as he gave 20% discount, Now, Actual Profit = 80-7070x100 = 100/7 %