Question

shopkeeper allows a discount of 10% on the m.p .how much above the cost price must be mark his goods to gain 8%

Answer 1

marked price (100-discoutn%)= costprice(100+gain%)

MP(100-10)=CP(100+8)

MP (90)=CP(108)

MP=108/90 CP

MP=1.2 CP => (1+0.2)CP

MP is 0.2% more than CP,so cp must be 20% above

ANSWER IS 20%





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Answer 2

20 percent
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