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The marked price of an item is set at 41% above its cost price. If the merchant sells the item at 13% below the marked price, his profit percentage (rounded off to 1 decimal place) is:
25.4%
22.7%
26.3%
21.8%
22.7%
Practice and solve "The marked price of an item is set at 41% above its cost price. If the merchant sells the item at 13..." for Mathematics - Previous Year Paper 2024. The correct answer is Option B: 22.7%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "The marked price of an item is set at 41% above its cost price. If the merchant sells the item at 13..." for Mathematics - Previous Year Paper 2024. The correct answer is Option B: 22.7%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.