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Question 12
A person marks his goods x% above the cost price and allows a discount of 30% on the marked price.If his profit is 5%. then the value of x will be:
Solution
let the cost price be 100.
Profit = 5%
Selling price = 105
Discount = 30%
Selling price = 70%
Marked price = $$\frac{105}{70} \times 100 = Rs.150
x% = \frac{150 - 100}{100} \times 100 =Â \frac{50}{100} \times 100 = 50%
$$\therefore$$ The correct answer is option A.
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