Multiple choice

A tradesman marks his goods at 26% above the cost price. He allows his customer a discount of 12% on the marked price. His profit per cent is:

  1. 10.88%

  2. 11.08%

  3. 10.50%

  4. 10%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let CP = 100. MP = 126. Discount 12% on 126 = 126 * 0.88 = 110.88. Profit = 110.88 - 100 = 10.88%.

AI explanation

Assume the cost price is Rs. 100, so the marked price at 26% above cost is Rs. 126. The discount is 12% on the marked price, making the selling price 126 x 0.88 = Rs. 110.88. Using the profit percentage formula, (Profit / Cost Price) x 100, the profit is 110.88 - 100 = 10.88, resulting in a profit of 10.88%.

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