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Q.

A businessman allows a discount of 10% on the written price. How much above the cost price must he mark his goods to make a profit of 17%?

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a

27%

b

18%

c

30%

d

20%

answer is A.

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Detailed Solution

Let CP=₹100

Then,  S.P =₹117

Let marked price be ₹x

Then 90% of x=117

⇒x=117×10090=130

∴ Marked price = 30% above C.P

 

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