Profit & Loss
Problem
A shopkeeper marks an item 30% above cost price and gives 10% discount. Find his profit percentage.
Solution
Let CP = ₹100
Marked Price = ₹130
Discount = 10% of ₹130 = ₹13
Selling Price = ₹130 - ₹13 = ₹117
Profit = ₹117 - ₹100 = ₹17
Profit % = (17/100) × 100 = 17%