Question

A person gives 25% discount on m.P. And still gains 20% how much percent is mp above cp

Answer 1

A merchant allows a 25% discount on a marked price and still makes a profit of 20%. If he gains 360 Rs over the sale of one cycle, what is the marked price of the cycle?

Answer

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6 ANSWERS



Bikirna Roy, MBA Finance, Symbiosis Institute of Business Management, Pune

Answered Aug 1, 2017

Profit = 20% = 360 Rs

So, Cost Price = 360 / 20 * 100 = 1800 Rs

And Sales Price = 1800 + 360 = 2160 Rs

Discount = 25% of marked price

So Sales Price = (100 - 25) % = 75% of marked price

=> 2160 = 75% of marked price

=> marked price = 2160 / 75 * 100 = 2880 Rs

Answer 2

Answer:

60%

Step-by-step explanation:

marked price-mp   cost price-cp

according to question:

selling price= (75*mp)/100.   (1)

2 point of view

selling price=(120*cp)/100   (2)

comparing :1 & 2

mp/cp=8/5

%=  (3/5)*100

=60% ans