Question

A dealer wants to make a profit of 30% after giving 20% discount on the marked price. What per cent above the cost price should he mark the price of the article?​

Answer 1

Answer:

CP(1+30/100)=MP(1-20/100)

CP x(130/100)= MP(80/100)

MP/CP =(13/8)*100=162.5

PERCENTAGE ABOVE COST PRICE 62.5%

Hope it's Help You

Answer 2

$cp(1 + \frac{30}{100} ) = mp(1 - \frac{20}{100} )$

$cp \times ( \frac{130}{100} ) = mp( \frac{80}{100} )$

$\frac{mp}{cp} = ( \frac{13}{8} ) \times 100 = 162.5$

$percentage \: above \: cost \: price = 62.5\%$