Multiple Choice Questions on A tradesman marks his goods at 35 above its cost price and allows a discount of 17 5 for purchase in........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A tradesman marks his goods at 35 above its cost price and allows a discount of 17 5 for purchase in...........

Quant (SSC) 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

    Incorrect Answer

    12.125

    Incorrect Answer

    11.125

    Incorrect Answer

    11.375

    Correct Answer
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    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%

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