Hii guys ❣❣
Solve this.....
How much per cent above the cost price should a shopkeeper mark his goods so that after allowing a discount of 10% on the marked price, he gains 8%?
Plzzzzzzz it's urgent
❎SPAMMERS NOT ALLOWED❎
Share
Hii guys ❣❣
Solve this.....
How much per cent above the cost price should a shopkeeper mark his goods so that after allowing a discount of 10% on the marked price, he gains 8%?
Plzzzzzzz it's urgent
❎SPAMMERS NOT ALLOWED❎
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Let the cost price be 100.
Given, Gain = 8%.
We know that Selling price = Cost price + Gain
= 100 + 8
= 108.
Let the marked price be 'x'.
Given that discount is 10% on the marked price.
⇒ Discount = 10% of x
= 10x/100
= x/10.
Therefore, Selling price = marked price - discount
= x - (x/10)
= 9x/10.
But, selling price = 108.
⇒ 9x/10 = 108
⇒ 9x = 1080
⇒ x = 120
Therefore, the marked price is 120.
Hence, the marked price is 20% above the cost price.
Hope this helps!