A merchant allows a discount of 10 percent on marked price. If he wants to…
2023
A merchant allows a discount of 10 percent on marked price. If he wants to earn a profit of 10 percent, then marked price will be how much percentage more than the cost price?
Answer: C. 22.22 percent — Let cost price be 100. For 10% profit, selling price must be 110. Since selling price is 90% of marked price, marked price = 110/0.9 = 122.22. Thus it is…
- A.
50.66 percent
- B.
30 percent
- C.
22.22 percent
- D.
33.33 percent
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Correct answer: C
Let cost price be 100. For 10% profit, selling price must be 110. Since selling price is 90% of marked price, marked price = 110/0.9 = 122.22. Thus it is 22.22% above cost price.
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