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 make 5% profit. Find the percentage by which the goods were marked up. PLS ANSWER IT FAST

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

33%

Step-by-step explanation:

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/100

x=100+33+5x/100

x=133+x/20

x−x/20=133

19x/20=133

x=133×20/19

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