Question

If toffee allows a discount of 5% cαѕh payment. How much percent above cp must he mark his goods to make a profit of 10%?​

Answer 1

Answer:

Let the mp be 100

So there is 5% discount on mp 5%on 100=5

Sp is 100-5=95

There is 10% profit

10%=10/100=1/10

Cp is x*11/10=95

11x=950

X=950/11

X=86.36

So cp is 86.36

100-86.36=13.64

So % above cp 13.64/86.36*100=16*2/3% approx

16*2/3% ans

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