Allied & ICAR Exam Bank • ALLIED_1594 MCQ • 1 Mark

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

A retailer marks his goods 30% above the cost price and then allows a discount of 10%. His net profit percentage is:

Options:

  • (A) 17%
  • (B) 20%
  • (C) 18%
  • (D) 15%

Answer Key:

A

Step-by-Step Solution & Explanation

Net multiplier $= 1.30 \times 0.90 = 1.17$, corresponding to 17% profit.
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