If marked price of an article an article is 30% more than its cost price and 10% discount is given, then profit per cent is

Q: If marked price of an article an article is 30% more than its cost price and 10% discount is given, then profit per cent is

Here, r = 30% and r1 = 10% ∴ Profit per cent = [{r x (100 - r1)}/100] - r1 = [30 x (100 - 10)/100] - 10 = [30 x 90/100] - 10 = 27 -10 = 17%

181/2%
20%
11/2%
17%

Correct Answer: 17%

Explanation:

Here, r = 30% and r₁ = 10%
∴ Profit per cent = [{r x (100 - r₁)}/100] - r₁
= [30 x (100 - 10)/100] - 10
= [30 x 90/100] - 10
= 27 -10 = 17%

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