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A merchant fixes the sale price of his goods at 15% above the cost price. He sells his goods at 12% less than the fixed price. His percentage of profit is :
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2 1 % 2 -
1 1 % 5 -
1 1 % 2 - 2%
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Correct Option: B
Let the cost price be $ 100.
According to question ,
∴ Marked price = $ (100 + 15% of 100) = $ 115
The goods are sold at the discount of 12%.
∴ S.P. = (115 – 12% of 115) = (115 – 13.80) = $ 101.20
Profit = (101.20 – 100) = $ 1.20
| ∴ Profit % = | × 100 = 1.2% | 100 |
| Profit % = 1 | = 1 | % | 10 | 5 |
