Multiple Choice Questions

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

Quantitative Aptitude (CPO) Profit and loss

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: $1.1088 C - C = 0.1088 C$ .

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

- Correct Answer: Option 1 - 10.88%

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