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The marked price of an article is 30% higher than the cost price. If a trader sells the articles allowing 10% discount to customer, then the gain percent will be
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Correct Option: A
Let the C.P. of article be Rs. 100.
∴ Its marked price = Rs. 130
After 10% discount , Its S.P. = 90% of 130
S.P. = | = Rs. 117 | |
4 |
Profit = S.P. - C.P. = 117 - 100 = 17
∴ Profit percent = | × 100 | |
C.P. |
Profit percent = | × 100 = 17% | |
100 |