after allowing a discount of 10% on the Marked price a trader is still makes a gain of 17% by what percent is a marked price above the cost price
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ans - M.P. is 1.3 times of C.P.
solution -
let M.P. is X and C.P. be Y. Given that 90/100 X = 117/100 Y (as there is 10% discount on MP and 17% profit on CP). hence 90 X = 117 Y. X = 117/90 Y. X = 1.3 Y. or we can say MP is 130% of CP.
solution -
let M.P. is X and C.P. be Y. Given that 90/100 X = 117/100 Y (as there is 10% discount on MP and 17% profit on CP). hence 90 X = 117 Y. X = 117/90 Y. X = 1.3 Y. or we can say MP is 130% of CP.
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