Question

M
.P.
2,700
A dealer marks a refrigerator 20% above the cost price of 8,000 and allows a discount of
10%. Find the selling price and the profit percent.
Cp of tha mfni​

Answer 1

Answer:

Let CP = 100

MP = 120

Disc = 10% of MP = 12

SP = MP - Disc = 120 - 12 = 108

P = SP - CP = 108 - 100 = 8

Gain % = 8%

Points worth noting :

MP is always marked up on CP

Discount is always allowed on MP

Gain or Loss is always represented as percentage of CP unless stated otherwise

Common mistake made by students is calculating gain percentage on S

Step-by-step explanation: