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]$latex 30\%$
[B]$latex 40\%$
[C]$latex 42\frac{6}{7}\%&s=1$
[D]$latex 42\frac{1}{7}\%&s=1$
$latex \mathbf{42\frac{6}{7}\%}&s=1$
If the marked price of the product be 100 Rs., then
C.P. = 70 Rs.
S.P. retailer = 100 Rs.
∴ Gain per cent =
$latex = \frac{30}{70}\times 100 = \frac{300}{7}&s=1$
$latex = 42\frac{6}{7}\%&s=1$
Hence option [C] is the right answer.