Multiple choice

Choose the correct answer from the alternatives given : Approximately how much percent should a trades man add on the price of his goods in order that he may make $10$% profit after allowing a rebate to the customer $4$% of the bill?

  1. $14$%
  2. $14.5$%
  3. $15$%
  4. $14\frac{1}{2}$%
Reveal answer Fill a bubble to check yourself
B Correct answer
AI explanation

Let the marked price be x and the cost price be 100, where the selling price after a 4% discount is 0.96x. To make a 10% profit, the selling price must be 110, giving the equation 0.96x = 110. Solving for x yields a marked price of 114.58, meaning he must add approximately 14.5% to the cost price. The tradesman should add approximately 14.5%.