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In order to maintain the price line a tr...

In order to maintain the price line a trader allows a discount of 10% on the marked price of an article. However, he still makes a profit of 17% on the cost price. Had he sold the article at the marked price, he would have earned a profit per cent of

A

`30%`

B

`32%`

C

`33%`

D

`35%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will use the given percentages of discount and profit to find the profit percentage if the article were sold at the marked price. ### Step 1: Understand the given information - Discount (D) = 10% - Profit (P) = 17% ### Step 2: Establish the relationship between Cost Price (CP), Marked Price (MP), and Selling Price (SP) - When a discount is given, the Selling Price (SP) can be calculated as: \[ SP = MP - (D \% \text{ of } MP) = MP \times \left(1 - \frac{D}{100}\right) \] - Given that the trader makes a profit of 17% on the Cost Price (CP), we can express this as: \[ SP = CP + (P \% \text{ of } CP) = CP \times \left(1 + \frac{P}{100}\right) \] ### Step 3: Set up the equations From the above relationships, we can equate the two expressions for SP: \[ MP \times \left(1 - \frac{10}{100}\right) = CP \times \left(1 + \frac{17}{100}\right) \] This simplifies to: \[ MP \times 0.9 = CP \times 1.17 \] ### Step 4: Rearranging the equation We can rearrange this equation to find the ratio of CP to MP: \[ \frac{CP}{MP} = \frac{0.9}{1.17} \] ### Step 5: Simplifying the ratio To simplify \(\frac{0.9}{1.17}\): - Multiply both the numerator and denominator by 100 to eliminate the decimal: \[ \frac{90}{117} \] - Now, we can simplify this fraction: \[ \frac{90 \div 9}{117 \div 9} = \frac{10}{13} \] Thus, the ratio of CP to MP is \(10:13\). ### Step 6: Calculate the profit percentage at the marked price If the article is sold at the marked price (MP), we need to find the profit percentage: - The Selling Price at marked price is \(MP\). - We know from the ratio that \(CP = 10x\) and \(MP = 13x\) for some value \(x\). - The profit when sold at marked price is: \[ \text{Profit} = MP - CP = 13x - 10x = 3x \] - The profit percentage is calculated as: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{CP}\right) \times 100 = \left(\frac{3x}{10x}\right) \times 100 = 30\% \] ### Final Answer If the trader sold the article at the marked price, he would have earned a profit percentage of **30%**. ---
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