Question

. A trader bugs certain items at 30% off the list bice and he wishes to make a profit of 20% after allowing a discount of 20% At what above the list price should be marks the item​

Answer 1

Answer:

Step-by-step explanation:

Let the List price(M.P) be 100 Rs. He buys it at 32% off the list price C.P 100 100*32/100 = 68 Rs. =

P= 25%

S.PC.P*(100+P)/100 = 68*125/100 = 85 Rs.

Discount = 20%

Discount is always given on M.P S.P = M.P*(100-discount)/100

85 M.P*80/100 M.P = 106.25 Rs.

=

The (assumed) list price was 100 Hence, mark up % = 106.25-100/100 * 100

= 6.25%

So he should mark 6.25% above the list

price. Hope it helps