Question

23. A producer earns 16% profit on the cost
if he sold the goods for a Trade Discount of
25%. Find out by what percentage the listed
price should be raised to earn a profit of
22% after allowing a trade discount of 35%

Answer 1

Answer:

Let be cost price =Rs.100

Then mark price =Rs.120

∴ Selling price =90% of 120

=100120×90=Rs.108

Profit = Selling price− Cost price

=Rs.(108−100)=Rs.8

Profit % =1008×100

=8%