after allowing a discount of 10% on mark price a trador still gain 17% by what percentage is the marked price above the cost price
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Article 370 acknowledges the special status of the state of Jammu and Kashmir in terms of autonomy and its ability to formulate laws for the state's permanent residents. In the 1954 Presidential order, among other things, the Fundamental Rights in the Indian Constitution were made applicable to Kashmir with exceptions.
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Let’s assume Cost Price of Product to be Rs.100.
Given he gains 17% on selling price would be
Selling Price = (100 + 17% of 100) = Rs 117
Discount = 10%
Let x be the marked price.
Market Price – Discount = Selling Price
x - (10% of x) = 117
x – x/10 = 117
9x/10 = 117
x = 130
Cost price is 100
Selling price is 117
Marked price is 130
So, Market Price is 30% above Cost Price
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