A dealer marks his goods 50% above cost and gives a discount of 30%. What is his profit percent? MCQ with Answer and Explanation

Explanation:
Let CP = 100. Original SP = 115. New SP = 230. New Profit = 230 - 100 = 130. New Profit % = 130%.

Explanation:
Let the true Cost Price for 1000 grams be Rs. 1000. The trader gives only 900 grams, so his actual Cost Price is Rs. 900. He marks up 1000 grams to Rs. 1500 and gives a 20% discount. Selling Price = 1500 * 0.80 = Rs. 1200. Profit = 1200 - 900 = 300. Profit percentage = (300 / 900) * 100 = 33.33%.

Explanation:
Let CP = 100, MP = 170, SP = 170*0.6 = 102, profit = 2%.