After allowing a discount of 1% on the marked price, a trader still
makes a gain of 17%. by what
percent is the marked price above the cost price
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Step-by-step explanation:
0.99M=1.17C
0.99M=S
WHERE C IS COST PRICE, M IS MARKED PRICE, S IS SELLING PRICE
THUS (M-A)/A ×100 IS ANSWER WHICH IS 27% above cost price
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