Question : A dealer marks his goods at 15% above the cost price and allows a discount of 5% for cash payment. His profit percentage is:
Option 1: 9.25%
Option 2: 7.25%
Option 3: 11.25%
Option 4: 10.25%
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Correct Answer: 9.25%
Solution :
Let Rs. 100 be the cost price.
Marked price = 115% of cost price = Rs. 115
Discount = 5% of marked price
= $\frac{5}{100}×115$
= Rs. 5.75
Selling price = 115 – 5.75 = 109.25
So, the profit = 109.25 – 100 = 9.25
Therefore, the profit percentage = $\frac{9.25}{100}×100$ = 9.25%
Hence, the correct answer is 9.25%.
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