Multiple choice

A style of curtains emporium the trader measures 30% less for every meter of cloth also he marks up goods by 30%. What is the approximate profit percentage?

  1. $70%$
  2. $50%$
  3. $66%$
  4. $86%$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The trader gives only 70% of the cloth (measures 30% less), and marks up by 30%. Let actual cloth = 100 units, but he gives 70 units. Marked price for 70 units = 130% of cost. So selling price = 130 for cost of 70 units. Profit = (130 - 70) / 70 × 100 = 60/70 × 100 ≈ 85.7%. Approximate profit percentage is about 86%.

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