A book seller allowed 18% discount on printed price. He gets 24% commission from publisher. His prof

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31 Dec 2021 discount

A book seller allowed 18% discount on printed price. He gets 24% commission from publisher. His profit in per cent will be

OPtion

1. 7.8%
2. 6.2%
3. 5.8%
4. 9.3%
5. 9.6%
6. 7.2%
7. 6.8%
8. 8.8%
9. 8.6%
10. None of the above

Solution

Let the selling price = 100
Purchase price after discount = 24% = 100 – 24 = 76
After discount of 10% actual selling price = 100 – 18 = 82
Actual profit = 82 – 76 = 6
Percentage of profit = 6 x 100 /76
= 7.8%

Correct Option: 1 Best Solution (0)