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Question
A seller marks his goods 30% above their cost price but allows 15% discount for cash payment . His percentage of profit when sold in cash is -
15%
9%
10.5%
8.5%
ANSWER : 3
Descrption
<pre> Let, the cost price of the goods = 100 If the seller marks his goods 30% above the the cost than the market price of goods will be 130% cost Price of 15% discount = 85% The selling price of his goods will be<math xmlns = "http://www.w3.org/1998/Math/MathML"><mo> = </mo><mfrac><mrow><mn>130</mn><mo>×</mo><mn>85</mn></mrow><mn>100</mn></mfrac><mspace linebreak = "newline"/><mo> = </mo><mn>110</mn><mo>.</mo><mn>5</mn><mo>%</mo><mspace linebreak = "newline"/><mi>P</mi><mi>r</mi><mi>o</mi><mi>f</mi><mi>i</mi><mi>t</mi><mo> </mo><mo> = </mo><mo>(</mo><mn>110</mn><mo>.</mo><mn>5</mn><mo> - </mo><mn>100</mn><mo>)</mo><mo>%</mo><mspace linebreak = "newline"/><mo> = </mo><mn>10</mn><mo>.</mo><mn>5</mn><mo>%</mo></math> </pre>
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