Profit Percentage with Discounts and Markups

XAT 2015 · QADI · Medium · Quantitative Ability

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The Maximum Retail Price (MRP) of a product is 55%55\% above its manufacturing cost. The product is sold through a retailer, who earns 23%23\% profit on his purchase price. What is the profit percentage (expressed in nearest integer) for the manufacturer who sells his product to the retailer? The retailer gives 10%10\% discount on MRP.

  1. A.

    31%

  2. B.

    22%

  3. C.

    15%

  4. D.

    13%

  5. E.

    11%

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