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A dealer marks the price of an article 40% more than the cost price. He allows 10% commission, his profit percent is

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A dealer marks the price of an article 40% more than the cost price. He allows 10% commission, his profit percent is
1). 26%
2). 30%
3). 36%
4). 40%


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Answered by on | Votes 0 |

Let cost price of an article be Rs. 100

Marked price of an article = 100 + 100 × (40/100) = 140

Selling price of an article

= 140 × (100 - 10)/100

= 126

Profit percentage

= [(126 - 100)/100] × 100

= 26%

∴ Profit percentage is 26%.

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