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%
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%.2. High performance concrete possesses
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