A shopkeeper marks up his goods to gain 35%. But he allows 10% discount for cash payment. His profit on the cash transaction therefore, in percentage, is

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$13 \frac{1}{2}$

$25$

$21 \frac{1}{2}$

$31 \frac{1}{2}$

answer is C.

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Detailed Solution

Let cost Price $= ₹ 100$

$∴$ Marked price $= ₹ 135$

After discount, selling price $= 135 - 13.5 = 121.5$

$∴ Profit % = 121.5 - 100 = 21.5 %$

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