Question

a trader allows a discount of 5% for each payment .how much %above the cost price must be Mark on his goods to make a profit of 14%

Answer 1

Hello



Your answee is




In Profit and Loss problems always assume some values.
Its the fastest way to solve problems.
In problems having marked price, assume cost price to be 100.

CP = 100.

There is a gain of 19 %.
So, selling price would be 119

SP = 119.

There is 15 % discount on marked price. 
So 119 is actually 85 % of the marked price.
To get marked price ->
119 ->  85
?     ->  100
Cross multiply.

=(119 * 100)/85 
= (119 * 20)/17
= 7 * 20

= 140

MP = 140
Above cost price = 140 -100 = 40





Its Lovv roy




I hope this help u