Question

Example 28
A trader allows a trade discount of 8% on the list price of his goods
and a further discount of 2% for cash payment and still gains 12.7% profit
on this cost. How much percent above cost has he marked his goods for
sale?​

Answer 1

Answer:

Description for Correct answer:

Single equivalent discount = (20+

25

4

−

20×25

400

)

Let CP of article = Rs. 100

∴ SP of article = Rs. 120 (20% profit)

Let MP of article = Rs.x

∴x×

75

100

=120

x =

120×100

75

= Rs.160

Required percentage =

160−100

100

×100=60