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) x 100 = 17%