Question

A shopkeeper allows a discount of 10% on the Marked price how much above the cost price must be mark is good to get 8 %

Answer 1

Selling price to get 8% profit = 100 x 108/100 = 108

MP = y

y x 90/100 = 108

y = 1080/9 = 120

Market price should mark 20% (20) above CP to get 8% profit