Exams › SSC CGL (Prelims) › General
A trader marks his goods 30% above the cost price and then allows a discount of 12%. What is his profit percentage?
- 14.4%
- 15.6%
- 16.5%
- 18.0%
Correct answer: 14.4%
Solution
Marked price = 130% of cost price. After a 12% discount, selling price = 88% of marked price = 0.88 × 1.30 = 1.144 times the cost price. So profit = 14.4%.
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