A trader allows a discount of 10% on marked price of the goods. He still manages to make a gross profit of 17% on CP. Find profit percent, had he sold the goods at marked price
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30%
Step By Step Explanation:
Let the CP be 100
gain% =17%
gain = gain %/100 *100
=17/100*100
gain=17
Sp-Cp=gain
sp-100=17
SP=17+100
SP=117
discount= 10% of MP
let MP be x
10/100x=1/10x
discount =1/10x
SP=MP-discount
117=x-1x/10
10x/10 - 1x/10=117
9x/10=117
9x=117*10
x=1170/9
x=MP=130
MP-CP=difference between both
130-100= 30
convert the difference into percent
difference/CP*100
30/100*100
30%
therefore, the MP is 30% above the CP.
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