Question

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 ​

Answer 1

Step-by-step explanation:

Given  

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%

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