Question

A Shopkeeper allows a discount of 15% on written price How much above the cp must he mark his goods to make a Profit of 19% ?

Answer 1

Answer:

Step-by-step explanation:

In all such cases prefer to take the cost price of the product to be 100 asit becomes very easy to deal with percentages.

Given he gains 19% which means his profit on the sale is 100x19% which is Rs.19

The selling price hence is 100+19= 119

Given the discount rate is 15% which means mark price - 15% (mark price)= 119

Let marled price be x

So x - 15x/100= 119

85x/100= 119

x= 119x100/85

x=140

So it sums up as

Cost price is 100

Selling price is 119

Marked price is 140

Discount is 21

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