A merchant fixes the sale price of his goods at 42% above the cost price. He sells his goods at a 15% discount marked price. His percentage of profit (rounded off to the nearest integer) is:
21%
Let the cost price be \( C \). The marked price is \( C \times 1.42 \) and the selling price is \( C \times 1.42 \times 0.85 \). Therefore, the selling price becomes: \[ 1.42 \times 0.85 = 1.207 \] The profit percentage is: \[ \frac{1.207C - C}{C} \times 100 = 20.7\% \] Rounding off gives the percentage profit as 21%.
Similar Questions
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Important Questions from Profit and Loss
Ram bought a chair at 35% discount on its market price, Had Ram got no discount, he would have had to pay ₹245 more. How much did Ram pay for the chair?
A shopkeeper bought an item for Rs. 4,500 and sold it at a loss of 5%. From this money, he bought another item and sold it at a profit of 10%. What is his overall profit?
A man sells two articles at Rs. 9,180 each. He gains 8% on one article and loses 15% on the other. His overall profit or loss is:
A shopkeeper selling an article for ₹46 loses 8%. In order to gain 6%, what should be the selling price of the article?
Rahul purchased 80 items from the market. 25% items of the total items were defective and the remaining items were sold at 50% profit. What will be the overall profit percentage?
