Question

A Superstore marks its goods by a certain percentage over the past price and then offers a discount of 40% using this method they get 5% profit find the percentage by which the goods are marked up

Answer 1

Answer:

Marked price as x

Cost price of the product as 100.

Here’s the equation:

x=costprice+profit+discountx=costprice+profit+discount

Where profit is 33% of cost price and discount is 5% of marked price.

x=100+33+5x/100x=100+33+5x/100

x=133+x/20x=133+x/20

x−x/20=133x−x/20=133

19x/20=13319x/20=133

x=140x=140

Cross check:

5% of 140 is 7 (discount). Price after discount is 133. And profit over cost price is 33, (133- 100) which is 33% of the cost price.