Question

Sold goods of 10000 to so as to realise a profit of 60% after allowing cash discount of 20%

Answer 1

list price of the goods to earn 60% profit , after allowing cash discount of 20% , will be 20,000 .

Step by step Explanation:

• Here we have given that the cost price of the goods is = 10,000

• And we have to sold them at 60% profit

• so, 60% of 10,000 will be 6000

$10000 \times \frac{60}{100} = 6000$

• Selling price = cost price + profit

$10,000 + 6000 = 16,000$

• Cash discount is given = 20%

• Thus, The selling price will be = 100 - 20 = 80%

• Selling price = 16000 = 80%

• List price or Markup price will be = 20,000

$16000 \times \frac{100}{80} = 20000$