Question

At what percentage above the cost price must an article be marked so as to gain 8% after
allowing a customer a discount of 10%."
1)18%
(2)20%
(3) 28%
(4) 10. 8%​

Answer 1

Answer:

Step-by-step explanation:

Assumptions:

Marked price as x

Cost price of the product as 100.

Here’s the equation:

x=costprice+profit+discount

Where profit is 33% of cost price and discount is 5% of marked price.

x=100+33+5x/100

x=133+x/20

x−x/20=133

19x/20=133

x=140

Cross check:

5% of 140 is 7 (discount). Price after discount is 133. And profit over cost price is 33, (133- 100) which is 33% of the cost price.