A discount of 10 is given by a salesman for cash payment What should be the marked price if he wants...........

Quantitative Aptitude (CPO) Profit and loss

A discount of 10 % is given by a salesman for cash payment. What should be the marked price if he wants to earn a profit of 5%?

11.66%

15%

22%

10%

Correct option 1: 11.66%

Let the cost price (CP) = 100 (assumed for simplicity)

Profit = 5%
So, Selling Price (SP) = 100 + 5 = 105

A discount of 10% is given on the Marked Price (MP), so:

SP = MP - 10%of MP = 0.9 x MP

Since SP =105

0.9x MP = 105 => MP = 105/ 0.9=116.66

%age MP= 11.66 %

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