Question

After allowing a discount of 20% on the marked price arun makes a profit of 12%. What % is the marked price above the cost price.

Answer 1

Answer:

let the mp be 100

sp = 100-20% discount = 80

112/100*cp = 80

cp = 80*100/112 = 71.42

mp - cp = 100 - 71.42 = 28.58

28.58/71.42*100 = 40%