Question

A trader allows a trade discount of 20% and a cash discount of 6 1/4% 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 ?

Answer 1

Answer:

51.5 %

Step-by-step explanation:

Let the original CP be ₹100.

A.T.Q.

SP = 120% of ₹100

= ₹120

MP = 126.25 % of ₹120

= ₹ 151.5

Therefore, the cost should be marked 51.5% above the CP.

Hope it Helps.