Profit and loss

Quantitative Aptitude (CPO)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

A tradesman marks his goods at 26% above the cost price. He allows his customer a discount of 12% on the marked price. His

profit per cent is:

This questions was previously asked in

SSC CPO 9th Nov 2022 Shift 1

10.88%

11.08%

10.50%

10%

- The tradesman marks his goods 26% above the cost price.

- We can represent the cost price as \( C \).

- Hence, the marked price becomes \( 1.26 \times C \).

- The customer receives a 12% discount on this marked price.

- Thus, the selling price is \( 0.88 \times 1.26 \times C = 1.1088 \times C \).

- The profit is then the difference between the selling price and the cost price: \( 1.1088C - C = 0.1088C \).

- Converting this to percentage: \( \frac{0.1088C}{C} \times 100 = 10.88\%\).

- Correct Answer: Option 1 - 10.88%