By Vikas

Verified by Ajay Kumar

A seller marks his goods 32% above their cost price but allows a 16% discount for cash payment. His percentage of profit when sold in cash is:

  1. 9.12%

  2. 8.25%

  3. 10.88%

  4. 11.5%

Answer: C

Solution

Let the cost price be 100. Marked price = \(100 \times 132/100 = 132\). Selling price after discount = \(132 \times 84/100 = 110.88\). Profit percentage = 10.88%.

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