A tradesman marks his goods at 15\% above the cost price and allows purchasers a discount of 10\% for cash. What profit percentage does he make? - Quantitative Aptitude MCQ Competitive Exam 2026 | ExamTest.live

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A tradesman marks his goods at 15% above the cost price and allows purchasers a discount of 10% for cash. What profit percentage does he make?

Solution & Step-by-step Explanation

Let the Cost Price (CP) be Rs. 100 .The goods are marked 15% above CP : Marked Price (MP) = 100 + 15% of 100 = Rs. 115 A discount of 10% is given on MP : Discount = 10% of 115 = Rs. 11.5 Selling Price (SP) becomes: SP = MP - Discount = 115 - 11.5 = Rs. 103.5 Profit percentage can now be calculated: Profit = SP - CP = 103.5 - 100 = Rs. 3.5 Profit Percentage = (\frac{3.5}{100} \times 100) % = 3.5%

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A tradesman marks his goods at 15% above the cost price and allows purchasers a discount of 10% for cash. What profit percentage does he make?

103.5%

11.5%

115%

3.5%

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