Question

A dealer allows a discount of 10%on the marked price. How much above the cost price must he mark his goods to make a profit of 8%

Please give and in language

Answer 1

Let the marked price be x.

Let the cost price be 100.

Then the selling price = 100 + 8

                                     = 108.


Given that the dealer allows the discount of 10% on the marked price.

90% of x = 108

90/100 * x = 108

90 * x = 108 * 100

90 * x = 10800

x = 10800/90

x = 120.


Therefore the Marked price is 20% above the cost price.


Hope this helps!

Answer 2

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