Question

A businessman allows a discount of 5% for
cash payment. How much percent above the cost price should be marked to make a gain of 14%​

Answer 1

Answer:

20%

Step-by-step explanation:

cp/mp= (100-d%/100+p%)

cp/mp= 95/114= 5/6

%above the cp

6-5/5*100= 1/5*100= 20%

Answer 2

The  percent above the cost price should be marked to make a gain of 14%  is 20%.

Step-by-step explanation:

Given:

Discount of 5% for cash payment.

The cost price should be marked to make a gain of 14%​.

To Find:

The percent above the cost price should be marked .

Solution:

Let Cost Price  of article =  Rs.100

Marked  price of article =  Rs. p

$p-p\times \frac{5}{100} = 100( 1+\frac{14}{100} )$

$p(\frac{95}{100}) = 100( \frac{114}{100} )$

$p(\frac{95}{100}) = 114$

$p=\frac{114\times100}{95}$

$p= Rs.\ 120$

Cost price=100  and Marked price p=120.

The  percent above the cost price should be marked to make a gain of 14%   ​$=\frac{120-100}{100} \times100$        

        $=\frac{20}{100}\times 100 =20\%$

Thus,the  percent above the cost price should be marked to make a gain of 14%  is 20%.

#SPJ2