Question

how much percent above the cost price should a shop keeper mark his goods so that after allowing a discount of 10 % on the Marked price he earns a profit of 8%. explain.​

Answer 1

Answer:

20%

Step-by-step explanation:

Let the cost price be Rs.100.

Profit = 8% of Rs.100 = Rs.8

Hence, selling price = Rs.(100+8) = Rs.108

Discount = 10%

=> (100-10)% of MP = SP

=> 90% of MP = 108

=> 90/100 × MP = 108

=> MP = Rs.120

Hence, the shopkeeper should mark his goods 20% above the cost price.

Answer 2

Answer:

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