Question

after allowing a discount of 10% on the Marked price still Max gain of 17% by what percent is the Marked price above the cost price?​

Answer 1

Question :-- After allowing a discount of 10% on the Marked price still Max gain of 17% by what percent is the Marked price above the cost price ?

Formula used :--

• MP = SP * 100 / (100- Discount%)
• CP = SP * 100 /(100+Profit%)

Solution :--

Let CP of the article is Rs.100 .

→ Than , SP = 100 * (100+17%)/100 ( P% is = 17 )

→ SP = Rs.117 .

Now, given Discount % = 10 .

So,

→ MP = 117 * 100/(100-10)

→ MP = 117 * 100/90

→ MP = Rs.130

Mark price above CP = 130 - 100 = Rs.30.

→ Required % = 30 * 100 / 100 = 30% .

Hence, MP is 30% above the CP.