Question

if there is 15%of discount on a toy which prices ₹1500cp and find the mp when sp is 2000​

Answer 1

Step-by-step explanation:

This structured approach would be helpful :

Let CP = 100

MP = x

Discount = 15%

SP = 119

Profit = 19

Facts :

MP is always marked up as a % of CP.

Discount is always on MP

MP - Discount = SP

SP - CP = Profit

Plugging in values, x - 0.15x = 119

=> 0.85x = 119

=> x = 119/0.85 = 140

Markup = 40/100 x 100 = 40%

Note : There are five variables involved in this type of question. If these variables are written strictly in above order, and any four variables are known, it is easy to determine the fifth.

:-)

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