A salesman calculated his profit on the marked price and finds it to be 30%. He forgets the fact that he gave a discount of 20%. What is his actual profit percentage?

Q: A salesman calculated his profit on the marked price and finds it to be 30%. He forgets the fact that he gave a discount of 20%. What is his actual profit percentage?

When profit is calculated on Marked Price (M.P) then, C.P = M.P - P% Let M.P = 100 => C.P = 100 - 30 = 70 But S.P = Rs. 80 as he gave 20% discount, Now, Actual Profit = 80 - 70 70 x 100 = 100/7 %

260/11%
18.4%
22.5%
100/7%

Correct Answer: 100/7%

Explanation:

When profit is calculated on Marked Price (M.P) then,

C.P = M.P - P%

Let M.P = 100

=> C.P = 100 - 30 = 70

But S.P = Rs. 80 as he gave 20% discount,

Now, Actual Profit = $\frac{80 - 70}{70} x 100$

= 100/7 %

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