a dealer marks his goods as 16 percent above the cost price and then a

1.	a dealer marks his goods as 16 percent above the cost price and then allows a discount of 8% find his profit percent
Answer» Step-by-step EXPLANATION: Let the cost price of the GOODS 100%. If the Seller marks up his goods 30% above the cost price, the marked price of goods will be (100+30) = 130%. If he allows a discount of 15% on marked price on CASH payment it means that he sold his goods at 85% of marked price as we know discount is always given on MRP. To find selling price, find 85% of marked price. Selling price of his goods will be (130*85)/100 = 110.50% % profit = (110.50 - 100) = 10.5%

a dealer marks his goods as 16 percent above the cost price and then allows a discount of 8% find his profit percent

Answer»

Step-by-step EXPLANATION:

Let the cost price of the GOODS 100%.

If the Seller marks up his goods 30% above the cost price, the marked price of goods will be (100+30) = 130%.

If he allows a discount of 15% on marked price on CASH payment it means that he sold his goods at 85% of marked price as we know discount is always given on MRP.

To find selling price, find 85% of marked price.

Selling price of his goods will be (130*85)/100 = 110.50%

% profit = (110.50 - 100) = 10.5%

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a dealer marks his goods as 16 percent above the cost price and then allows a discount of 8% find his profit percent ​

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a dealer marks his goods as 16 percent above the cost price and then allows a discount of 8% find his profit percent