While selling to the retailer, a company allows 30% discount on the marked price on their products. If the retailer sells those products at marked price, his profit % will be:

While selling to the retailer, a company allows 30% discount on the marked price on their products. If the retailer sells those products at marked price, his profit % will be:
[A]30\%
[B]40\%
[C]42\frac{6}{7}\%
[D]42\frac{1}{7}\%

\mathbf{42\frac{6}{7}\%}
If the marked price of the product be 100 Rs., then
C.P. = 70 Rs.
S.P. retailer = 100 Rs.
∴ Gain per cent =
= \frac{30}{70}\times 100 = \frac{300}{7}
= 42\frac{6}{7}\%
Hence option [C] is the right answer.

Comments