Multiple choice

A person marks his goods x% above the cost price and allows a discount of 30% on the marked price. If his profit is 5%, then the value of x will be

  1. 50

  2. 60

  3. 45

  4. 35
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let cost price be 100. Marked price is 100 + x. Selling price after 30% discount is 0.7 * (100 + x). Since profit is 5%, selling price is 105. Solving 0.7 * (100 + x) = 105 gives 100 + x = 150, so x = 50.

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