Question

E7
A trader marks the price of an article such that after allowing a discount of 8%, he
still makes a profit of 15%. By what per cent is the marked price above the cost
price?
​

Answer 1

Answer:

Let CP = Rs 100

MP = Rs 120 [20% above CP]

Discount = 15%

ie = 15% of MP

=

100

15

×120=RS18

SP = MP- Discount

=(120−18)rs

=Rs102

gain % =

CP

gain

⇒100

=

100

2

×100

=2 %