how much % above the CP should a shopkeeper marks his goods so that after allowing a discount of 20% on MP , he gains 30%
the correct answer given backside is 62.5%
who will give answer step by step will be makes as brainlist
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- Step-by-step explanation:
- Let's Consider original CP is 100
- so to make 30% of profit , Original MP= 130
- so after Discount of 20% final MP should 130
- so 20% (or 0.2 fraction) discount means 0.8 fraction of CP
- this implies 0.8= 130...
- so what is 1.0=?
if you cross multiply= (130*1.0)/0.8= 162.5
That is 62.5% above from orginal CP( here 100(
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