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
Answers
Answered by
21
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 :-)
Answered by
18
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%
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