Quantitative Aptitude Ques 2309

Question: A businessman allows a discount of 10% on the marked price. How much above the cost price must he mark his goods to make a profit of 17%?

Options:

A) 30%

B) 20%

C) 27%

D) 18%

Show Answer

Answer:

Correct Answer: A

Solution:

  • Let the cost price be Rs. 100. Then, selling price $ =100\times \frac{(100+17)}{100}=Rs.,117 $ Marked price $ \times \frac{90}{100}=117 $

$ \Rightarrow $ Marked price $ =\frac{117\times 100}{90}=Rs.,130 $ Hence, he marks 30% above the cost price.

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