A dealer marks a TV $30\%$ above the cost price and gives a discount of $10\%$ on it. His profit percent is
A dealer marks a TV $30\%$ above the cost price and gives a discount of $10\%$ on it. His profit percent is
- $15\%$
- $17\%$
- $20\%$
- $23\%$
Solution
Let CP $= 100$. MP $= 130$. SP $= 130 \times 0.90 = 117$. Profit $= 17$, so profit\% $= 17\%$.
Asked in: IMO
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