how much percent above the cost price should a shopkeeper marks his goods so that after allowing 10% on the marked price he gains 8%
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Let Mark price 100
Discount 10% so selling price will be 100×90/100 =90
Gain 8% so cost price 90×100/108=250/3
We have to tell hike % of c.p hiked in Mark price so (mark price -c.p/c.p)100
50/3×3/250×100=20%
Discount 10% so selling price will be 100×90/100 =90
Gain 8% so cost price 90×100/108=250/3
We have to tell hike % of c.p hiked in Mark price so (mark price -c.p/c.p)100
50/3×3/250×100=20%
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