Question

To make 5.6%profit by allowing 12% discount ,by how much percent should the marked price of a mobile be above its cost price?

Answer 1

Answer:

20%

Step-by-step explanation:

let the market price be = 100%

s.p = 88%

105.6% of c.p = 88%

c.p = 83 1/3%

required % =16 2/3 /83 1/3* 100

= 20%