Question

A shopkeeper fixed the marked price of his radio to make a profit of 30 percentage. allowing rs 30 as a discount then the profit is rs 30. find the cost price​

Answer 1

First Price - 130% of original price

Marked Price(Second Price) - 0.85 of the first price

Second Price: 0.85 x 1.3 x 1 = 1.105

1.105 - 1 = 0.105(10.5%)

In conclusion, the shopkeeper is making a percentage profit of 10.5%.