how much percent above the cost price should a dealer mark his goods so that after allowing a discount of 26% on the marked price, he gains 20%
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Answer:
Step-by-step explanation:
Let MP = 100
Disc = 26% = 26
SP = 74
CP = 74/120 x 100 ≈ 61.67
He must mark up his goods by :
(100 - 61.67)/61.67% = 62.15% of CP
Check :
CP = 61.67
Markup 62.15% = 38.33
MP = 100
Discount 26% = 26
SP = 100 - 26 = 74
P = 74 - 61.67 = 12.33
Profit % = 12.33/61.67 x 100 = 20%
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