how much percent above the cost price should A shopkeeper marks his goods so that after allowing a discount of 20% on the Marked price, he gains 12%
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Let the cost price be 100 and marked price = x. ----------------- (1)
Given, he gains = 12%. So he should sell at 112 Rs. ------------ (2)
Given, discount = 20%. -------------- (3)
On solving (1),(2),(3), we get
x - 20x/100 = 112
x = 140.
So, the shopkeeper should mark the goods at 140 rs i.e 40% more than the cost price.
Hope this helps!
Given, he gains = 12%. So he should sell at 112 Rs. ------------ (2)
Given, discount = 20%. -------------- (3)
On solving (1),(2),(3), we get
x - 20x/100 = 112
x = 140.
So, the shopkeeper should mark the goods at 140 rs i.e 40% more than the cost price.
Hope this helps!
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