At what percentage above the cost price must an article be marked so as to gain 33% after allowing a customer a discount of 5%?
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At what percentage above the cost price must an article be marked so as to gain 33% after allowing a customer a discount of 5% ? 2). A dealer allows a discount of 15% A customer pays an amount of Rs. 318.75 for an article.
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let cp be 100
sp = 100+ 33% of 100
sp = 133
mp = (100/100- discount %) * sp
mp = (100/95)*133
mp = 140
% increase =[ (140-100)/100 ]* 100
% increase = 40%
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