Profit and loss

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A tradesman marks his goods at 35% above its cost price and allows a discount of 17.5% for purchase in cash. What profit per cent does he make ?

11.25

12.125

11.125

11.375

Explanation:

x + y + xy/100
Let's take x = 35% and y = – 17.5%
By the net% effect formula, we get
Profit % = (35 - 17.5 - 35 × 17.5/100)%
= (17.5 – 6.125)% = 11.375%

By: Amit Kumar

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