ibps-so 2018 · Question 304 of 356

A dealer in household appliances who holds a cash credit limit with the branch explained to the inspecting o cer the manner in which he xes his prices, the o cer having remarked upon the very large discounts advertised at his shop. The dealer marks every article at a price which is 40 per cent above the price at which it stands him, and he then allows to every customer, without exception, a discount of 15 per cent upon the price so marked. He neither allows any further reduction nor adds any charge of any kind. What is the percentage of pro t earned by the dealer upon the price at which the article stands him?

1. A21%
2. B25%
3. C19%Correct
4. D18%
5. E20%