While selling, a businessman allows 40% discount on the marked price and there is a loss of 30%. If it is sold at the marked price, profit per cent will be

• 300/7 OR 42.85
  TAKING MP=100
  THEN SP=60 & CP=70
• 10 years agoHelpfull: Yes(0) No(2)
• Market Price = 100 (Without any discount, Regular Price)
  Selling Price = 60 (By allowing 40 percent discount)
  Cost Price = ?? (Yes, their is 30 percent loss on cost price)
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  Their is 30 percent loss on cost price means our selling price ( = 60 )
  is 70 percent value of our cost price...
  here its selling price is 30 percent less than cost prize...OK !!
  
  as I told selling price is 60 which is actually 70 percent of cost price coz their is 30 percent loss.
  
  percent value prize
  70 ----------- 60
  100 ---------- ??
  
  so here 100 * 60
  ______________ = 85.71 = Cost Price
  70
  -------------------------
  |** Cost Price = 85.71 ** | [If we can afford 30 percent loss then we can sell
  ------------------------- it for 60 = selling price = which is also 40
  percent discount on market price as well !! ]
  
  And here required answer is like ...
  selling of it with Market price = 100
  & Cost price = 85.71
  
  so Market Price - Cost Price = 100 - 85.71 = 14.29 ( Amount of benefit )
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  Precisely & without forgetting anything please do remember that here we asked to find percent value of benefit for selling of cost price to market price :D
  
  If we sell 85.71 cost price value to 100 market price then benefit amount = 14.29
  
  85.71 14.29
  100 ??
  
  100 * 14.29
  _________________ = 16.67 percent profit :)
  85.71
• 10 years agoHelpfull: Yes(0) No(1)