Question

if the MP of an item is 10% above the CP find the SP of the atom if the dealer want 4% to earn profit of a marked price at rupees 5500

Answer 1

Mp=5500rs..........profit=4%....
cp=5500+10% of5500=5500+550=6050rs
profit=4%of cp=(4/100)*6050=242rs
cp=sp-p
cp+p=sp
6050+242=sp
sp=6292rs.....ans....