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A trader allows a 10% discount on the marked price. How much more than the cost price should he mark on the articles to make a profit of 17 %?
  • a)
    30%
  • b)
    20%
  • c)
    27%
  • d)
    18%
  • e)
    None of the above/More than one of the above
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A trader allows a 10% discount on the marked price. How much more than...
According to the question,
Let the marked price be 100
Discount given on marked price = 10%
⇒ Selling price = 100×90/100 = Rs 90
⇒ Profit = 17%
⇒ Cost price = 90×100/117=1000/13
Hence, profit when marked price is the selling price
⇒ 100 —1000/13=300/13
⇒ Percentage of profit =100×300/13×13/1000
⇒ 30%
Hence, option(1) is the correct answer.
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Community Answer
A trader allows a 10% discount on the marked price. How much more than...
According to the question,
Let the marked price be 100
Discount given on marked price = 10%
⇒ Selling price = 100×90/100 = Rs 90
⇒ Profit = 17%
⇒ Cost price = 90×100/117=1000/13
Hence, profit when marked price is the selling price
⇒ 100 —1000/13=300/13
⇒ Percentage of profit =100×300/13×13/1000
⇒ 30%
Hence, option(1) is the correct answer.
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A trader allows a 10% discount on the marked price. How much more than the cost price should he mark on the articles to make a profit of 17 %?a)30%b)20%c)27%d)18%e)None of the above/More than one of the aboveCorrect answer is option 'A'. Can you explain this answer?
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