Question

At what percentage above the cost price,the price of the product shoub be marked such that after a discount of 10% a profit of 8% can be earned.​

Answer 1

Answer:

Yes! Here is your answer!

Step-by-step explanation:

Let Cost Price CP be 100 Rs

to gain 8% Selling Price SP will be 108 Rs

Now Discount is 10% on List Price

So List Price = 108*100/(100–10)

List Price = 120 Rs

Now, Hike in CP= (120–100)*100= 20%

Answer is 20%