Question

AA seller sells his goods at a discount of 15% but still makes a profit of 2%. At what
percent above the cost price does he mark his goods ?​

Answer 1

Step-by-step explanation:

Marked price is 20% above than the cost price.

Step-by-step explanation:

Since we have given that

Discount = 15%

Profit % = 2%

Let CP be 100%

As we know the relationship among them:

So, it becomes,

\begin{gathered}MP=CP\times \dfrac{100+P}{100-Discount}\\\\MP=100\times \dfrac{100+2}{100-15}\\\\MP=100\times \dfrac{102}{85}\\\\MP=120\end{gathered}

MP=CP×

100−Discount

100+P

MP=100×

100−15

100+2

MP=100×

85

102

MP=120

Hence, Marked price is 20% above than the cost price

Answer 2

Answer:

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