Q:
A salesman calculated his profit on the marked price and finds it to be 30%. He forgets the fact that he gave a discount of 20%. What is his actual profit percentage?
Answer & Explanation
Answer: D) 100/7%
Explanation: When profit is calculated on Marked Price (M.P) then,
Let M.P = 100
=> C.P = 100 - 30 = 70
But S.P = Rs. 80 as he gave 20% discount,
Now, Actual Profit =
= 100/7 %
View Answer
Report Error
Discuss