Given:
Marked price (MP) is 10% more than Cost price (CP).
Selling price (SP) = Rs. 132.
Discount = Rs. 11.
Formula Used:
Discount = MP - SP
Profit % = [(SP - CP) / CP] × 100
Solution:
MP = SP + Discount = 132 + 11 = Rs. 143.
Since MP is 10% more than CP, we have:
CP = MP / 1.1 = 143 / 1.1 = Rs. 130.
Profit % = [(132 - 130) / 130] × 100 = (2 / 130) × 100 = 1.53%.
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