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A dealer marks his goods at 25% above the cost price and allows a discount of 10% for cash payment. What percentage of profit will the dealer have?
- a)17.5%
- b)15%
- c)12.5%
- d)20%
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
A dealer marks his goods at 25% above the cost price and allows a disc...
Discount% = (MP - SP)/MP × 100
SP = MP - (Discount%/100) × MP
Let the cost price be Rs. X
Marked price = X + (25/100) × X = 1.25X
Discount = 10%
SP = 1.25X - (10/100) × 1.25X = 1.125X
Profit% = (SP - CP)/CP × 100
Profit% = (1.125X - X)/X × 100 = 12.5%
Most Upvoted Answer
A dealer marks his goods at 25% above the cost price and allows a disc...
Given information:
- The dealer marks his goods at 25% above the cost price.
- The dealer allows a discount of 10% for cash payment.
To find: The percentage of profit the dealer will have.
Let's assume the cost price of the goods is $100.
According to the given information, the dealer marks the goods at 25% above the cost price:
- Marked price = Cost price + 25% of cost price
- Marked price = $100 + (25/100) * $100
- Marked price = $100 + $25
- Marked price = $125
Now, the dealer allows a discount of 10% for cash payment:
- Discounted price = Marked price - 10% of Marked price
- Discounted price = $125 - (10/100) * $125
- Discounted price = $125 - $12.50
- Discounted price = $112.50
Calculation of profit:
- Profit = Discounted price - Cost price
- Profit = $112.50 - $100
- Profit = $12.50
To find the percentage of profit, we need to calculate the profit as a percentage of the cost price:
- Percentage of profit = (Profit / Cost price) * 100
- Percentage of profit = ($12.50 / $100) * 100
- Percentage of profit = 12.5%
Therefore, the dealer will have a profit of 12.5%.
Hence, the correct answer is option 'C' (12.5%).
- The dealer marks his goods at 25% above the cost price.
- The dealer allows a discount of 10% for cash payment.
To find: The percentage of profit the dealer will have.
Let's assume the cost price of the goods is $100.
According to the given information, the dealer marks the goods at 25% above the cost price:
- Marked price = Cost price + 25% of cost price
- Marked price = $100 + (25/100) * $100
- Marked price = $100 + $25
- Marked price = $125
Now, the dealer allows a discount of 10% for cash payment:
- Discounted price = Marked price - 10% of Marked price
- Discounted price = $125 - (10/100) * $125
- Discounted price = $125 - $12.50
- Discounted price = $112.50
Calculation of profit:
- Profit = Discounted price - Cost price
- Profit = $112.50 - $100
- Profit = $12.50
To find the percentage of profit, we need to calculate the profit as a percentage of the cost price:
- Percentage of profit = (Profit / Cost price) * 100
- Percentage of profit = ($12.50 / $100) * 100
- Percentage of profit = 12.5%
Therefore, the dealer will have a profit of 12.5%.
Hence, the correct answer is option 'C' (12.5%).
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A dealer marks his goods at 25% above the cost price and allows a discount of 10% for cash payment. What percentage of profit will the dealer have?a)17.5%b)15%c)12.5%d)20%Correct answer is option 'C'. Can you explain this answer?
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A dealer marks his goods at 25% above the cost price and allows a discount of 10% for cash payment. What percentage of profit will the dealer have?a)17.5%b)15%c)12.5%d)20%Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A dealer marks his goods at 25% above the cost price and allows a discount of 10% for cash payment. What percentage of profit will the dealer have?a)17.5%b)15%c)12.5%d)20%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A dealer marks his goods at 25% above the cost price and allows a discount of 10% for cash payment. What percentage of profit will the dealer have?a)17.5%b)15%c)12.5%d)20%Correct answer is option 'C'. Can you explain this answer?.
A dealer marks his goods at 25% above the cost price and allows a discount of 10% for cash payment. What percentage of profit will the dealer have?a)17.5%b)15%c)12.5%d)20%Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A dealer marks his goods at 25% above the cost price and allows a discount of 10% for cash payment. What percentage of profit will the dealer have?a)17.5%b)15%c)12.5%d)20%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A dealer marks his goods at 25% above the cost price and allows a discount of 10% for cash payment. What percentage of profit will the dealer have?a)17.5%b)15%c)12.5%d)20%Correct answer is option 'C'. Can you explain this answer?.
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