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 be marked for sale​

Answer 1

Answer:

Step-by-step explanation:

Single equivalent discount = (20+254−20×25400)

Let CP of article = Rs. 100

∴ SP of article = Rs. 120 (20% profit)

Let MP of article = Rs.x

∴x×75100=120

x = 120×10075= Rs.160

Required percentage = 160−100100×100=60

HOPE IT HELP YOU :-)

Answer 2

Answer:

60%

Step-by-step explanation:

Let ,

MP=x

SP=x-20% of x

SP=80% of x

extra cash discount =25/4%

SP(after cash discount)=80% of x- 6.25 %of 80% of x

SP=80%-5%=75% of x

Let ,

cp=1

SP=CP+ profit

=100+20=120

Therefore

75% of x =120

75/100x=120

x=120×100/75

120×4/3=160

Hence,

MP=160

% above the CP

=mp-cp/100 ×100

160-100=60/100 ×100

60%