Engineering Board Exam Reviewer · Percentage & Ratio Problems · medium
A merchant marks goods 40% above cost and then gives a 10% discount. What is the percent profit based on cost?
- 26%
- 30%
- 36%
- 50%
Answer
A. 26%
Solution
Let the cost be 100. The marked price is 140 and the selling price is 140(0.90)=126. The profit is 26, or 26%.
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