if the mp of an item is 10/% above the cp find the sp of the item if dealer want to earn a profit of 4% on the item marked as rs 5500
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Answer:
Let C.P.=Rs 100
∵(
C.P.
S.P.−C.P.
)×100=Profit%
⟹(
100
S.P.−100
)×100=5
⟹S.P.=Rs 105
Discount(d) =10%
We have,
S.P.=
100
M.P.(100−d)
(where d, is discount)
M.P.=
100−10
105×100
=
90
105×100
=
3
350
M.P.−C.P.=
3
350
−100=
3
50
∴Required %=
100
3
50
×100=16
3
2
%
∴ He should mark his goods 16
3
2
% above the C.P.
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