Question

a trader buys certain items at 32% off the list price and he wants to make profit of 25% after allowing a discussion 20% . at what percent above the list price should he marks the items
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Answer 1

Answer:

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.P = C.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.