Correct Answer - Option 3 : 4
\(\frac{1}{2}\)
Given:
Discount got from dealer is 5%
Sold it at 10% profit
Calculation:
SP = (100 – D)/100 × MP
P% = (P)/CP × 100
P = SP – CP
Where,
MP is marked price
SP is selling price
CP is cost price
D is discount
P% is profit percent
Calculation:
Let the initial cost price of a phone be Rs. 1,000
Person got 5% discount on this,
Cost price for a person/Selling price for a dealer,
⇒ (100 – 5)/100 × 1,000
⇒ 95/100 × 1,000
⇒ 950
Now he sold in at 10% profit on this price,
⇒ (100 + 10)/100 × 950
⇒ 110/100 × 950
⇒ 1,045
Now profit on actual price is,
⇒ 1,045 – 1,000 = 45
Profit percent on actual price is,
⇒ 45/1000 × 100
⇒ 4.5
∴ Profit percent on actual price is 4\(\frac{1}{2}\).