Question

A tradesman allows a discount of 12% on the marked price.How much above the cost price must he mark his goods to make a profit of 20%?​

Answer 1

Answer:

Step-by-step explanation:

For simplicity assume CP is 100 so SP will be 120 now MP will be 120+12% = 132

So, CP is 100 MP is 132

Therefore MP is 32% above CP

Answer 2

if cp =100, then wanted 20%profit=120

mp=x

with discount,

x(100-12)/100=120

x=1500/11

then,

1550/11-100=400/11%