Question

by selling an article for $1650,a shopkeeper makes a profit of 10%,after allowing discount of 25% on the market price,find by what percent is the market price, marked over the cost price?​

Answer 1

Answer = 146 %

Let Marked price = MP

Let Cost Price = CP

(75*MP)/100 = (110* CP)/100

(MP/CP) = (110/75)

MP/CP = 1.46

given profit = 10% of 1650 = 165

profit = SP - CP

165 = 1650 - CP

CP = 1650 - 165

CP = 1485

MP = 1.46 * 1485 = 2168 (approx)

% of marked price over cost price = (2168/1485)*100 = 146%