Question

Q.1. A shop keeper allows 15% discount on the marked price, still he manages to have 7 profit. How much high did he mark his goods above the cost price?​

Answer 1

Answer:

40% above cost price

Explanation:

For simplicity assume CP is 100 so SP will be 119 now MP will be 119+15% = 140

So, CP is 100 MP is 140

Therefore MP is 40% above CP

Answer 2

Answer:

Marked price is $40$% above Cost Price.

Step-by-step explanation:

Cost price is the price at which the article is bought.

Marked price is the price which is mentioned on the article.

Selling price is the price at which the article is sold.

If we assume cost price as Rs. $100$.

Selling price will be Rs. $119$

So, marked price is $119+15$%.

It gives Rs. $140$.

Hence CP is Rs. $100$ and MP is Rs. $140$.

Hence, MP is $40$% more than CP.

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