after allowing a discount of 16% there was still a gain of 5% at what percent above the cost price was the market price??
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Discount(r) = 16% and Gain(R) = 5%.
Required % = [(r + R)/(100 - r)] * 100%
=> [(16 + 5)/(100 - 16)] * 100
=> [(21/84)] * 100
=> 2100/84
=> 25%
#BeBrainly
Answered by
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Answer:
marked price 100
s.p 100×84/100=84
after discount he still 5% profit,
c.p 100×84/105= 80
difference between mark price and cost price 100-80=20
required parcentage 100×20/80= 25% ( answer)
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