Question

How much percent more than the cost price should a trader mark his goods so that after allowing a discount of 20% on the MP, he still gets a profit of 20%​

Answer 1

percent more than the cost price should a trader mark his goods so that after allowing a discount of 20% on the MP, he still gets a profit of 20%

Answer 2

Answer:

50%

Step-by-step explanation:

let CP = 100

Profit = 20%

then SP= 120

Discount= 20% = 1/5

MP = 5 , SP= 4

MP = 120× 5/4

= 150

Therefore MP is 50% higher than CP