Question

A trader allows a trade discount of 20% and a cash discount of6.25%
% on the marked price of the goods
and gets a net gain of 20% on the cost. By how much above the cost should the goods be marked for
sale ?
(A)
40%
(B)
50%
(C)
60%
(0)
70%​

Answer 1

Answer:

Step-by-step explanation:

Let the CP of the goods be x.

Marked price of the goods = x + (35/100 of x) = Rs 1.35 x

Discount = 20%

Selling price = MP - Discount

Discount = 20% of 1.35x = 1.35x × 0.2 =  Rs 0.27x

SP = 1.35x - 0.27x

SP = Rs 1.08x

As SP is more than CP, there is a profit.

So,Profit = SP - CP

= 1.08x - x

= 0.08x

Profit percentage = (Profit / CP) x 100

= (0.08x / x) x 100