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Find the profit percent, if the trader doesn’t allow the discount. I. A trader allows a discount of 10% on the marked price of an article. II. The trader makes a profit of 17% on the cost price even after the 10% discount on the marked price. III. The marked price for the article is Rs. 100. Which statement(s) is/are required to answer the question?

Find the profit percent, if the trader doesn’t allow the discount. I. A trader allows a discount of 10% on the marked price of an article. II. The trader makes a profit of 17% on the cost price even after the 10% discount on the marked price. III. The marked price for the article is Rs. 100. Which statement(s) is/are required to answer the question? Correct Answer Only statement II is sufficient to answer the question.

Considering statement II,

Let the marked price (M.P.) be Rs. 100

∵ Trader allows 10% discount

⇒ Selling Price = 90% of M.P. = Rs. 90

∵ The trader makes 17% profit.

 Cost Price (C.P.) = 90 × 100/117 = 1000/13

 Profit percent can be found when trader doesn’t allow the discount.

∴ Only statement II is sufficient to answer the question.

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