do a project on visit one or two shopkeeper where sales are beams offered to investigate the CP,SP,MP,discount,and profit loss
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Answered by
1
Simple approach :
Let CP = 100
MP = 100x
Discount = 5% of MP = 5x
SP = MP - Disc = 95x
Profit = SP - CP = 33% of CP
=> 95x - 100 = 33
=> x = 133/95
=> MP = 13300/95 = 140
=> CP must be marked up by 40%
Note :
Mark Price is always expressed as percent of cost price.
Discount always applied on MP.
MP - Discount = SP
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3
Answer:
Your answer is in the attachment hope that helps you
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