Question

An incentive of 4 percent discount is given on the sale of a thermos flask.To make an 8percent profit,how much percent above the cost price should the flask be marked?

Answer 1

Let SP be x  MP = 100/(100-4) × x = Rs. 25x/24  CP = 100/(100+8) × x = Rs.25x/27 Difference = MP - CP = Rs. 25x/216 Per cent = 25x/216 ÷25x/27 × 100 = 12.5%(ans)