3. A dealer wants to earn 12% profit on an article after offering 30% discount to the custom what percentage should he increase his marked price to arrive at the label price?
Answers
Answered by
2
Answer:
a dealer wants to earn 12% profit on an article after offering 30% discount to the customer by what percentage should be increased his marked price to arrive at the label price
Let the cost price be 100
Selling price = 100 + 12% of 100 = 112
After allowing a discount of 30% he gets 112
So selling price = Marked price – 30% of M.P
112 = 0.7 M.P
So M.P = 112 / 0.7
= 160
Therefore increased price will be 160 – 100
= 60
So percentage increased will be 60 x 100 / 100
= 60%
Step-by-step explanation:
Answered by
0
Answer:
Step-by-step explanation:
Similar questions