Question

a shopkeeper marked the price of an article a certain percent above the cost price and he allowed 16% discount to make 5 % profit. if a customer paid rs 9492 with 13% vat to buy the article , by what percent did he mark the MP above CP
answer only if u know

Answer 1

Answer:

16% of MP

Step-by-step explanation:

Discount is always applied on marked price.

Profit = SP - CP

VAT is applied on Selling Price

SP = 10170/113 x 100 = 9000

If profit is 20% then :

CP = 9000/120 x 100 = 7500

MP = 9000/90 x 100 = 10000

For 12% profit, SP = 7500 x 112/100 = 8400

=> SP = 8400/10000 x 100 = 84% of MP

=> Discount = 16% of MP

:-)