SOLUTION: A shopkeeper marks his goods to gain 35%. He allows 10% discount for cash payment. Find his percentage profit when sold for cash

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A shopkeeper marks his goods to gain 35%. He allows 10% discount for cash payment. Find his percentage profit when sold for cash      Log On


   

Question 519474: A shopkeeper marks his goods to gain 35%. He allows 10% discount for cash payment. Find his percentage profit when sold for cash
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
mark up 35%
let cost be x
Mark up price = 1.35x
..
10% discount on 1.35x
=Selling price = 0.9*1.35x=1.21x
Cost price = x
selling price = 1.21x so margin = 21% on cost price