Question

by how much was in the list price of an article be greater than the cost price so that by selling the same to his customer at a commission of 10% profit of 20%​

Answer 1

Answer:

6.66

Step-by-step explanation:

Let the marked price MP be X, CP be 100rs thus SP will be 120 since 20% gain...

For 10% commission the MP will be:

SP=X-10%X=>133.33

For 20% commission the profit will be:

133.33-20% of 133.33=106.66

thus profit is 6.66 which is (20/3)approx.