Rabi Sahu fixed the marked price of his radio to make a profit of 30 %. Allowing 15 % discount on the marked price, the radio wa

Question

3 years ago

11

s sold. What percent profit did he make?

1 answer:

Kay [80] · Answer 1 · 2022-03-18T18:59:06+03:00

The percent profit that Rabi made will be 10.5%

Let's assume that the price of the house is $100.

Since he fixed the marked price of the good to make a profit of 30%, then the price will be:

= $100 + (30% × $100)

= $100 + $30

= $130

Now, there is a discount of 15%, then the selling price of the good will be:

= $130 - (15% × $130)

= $130 - (0.15 × $130)

= $130 - $19.50

= $110.50

Then, the percentage of profit made will be:

= [($110.50 - $100) / $100] × 100%

= $10.50/$100 × 100%

= 10.5%

In conclusion, the percent profit that he makes is 10.5%.

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