please solve it....
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Verified answer
Given :
To Find :
Solution :
Let the Cost price be ₹ 100 and Marked price be ₹x .
Gain % = 12%
Gain = 12% of ₹100 = 12/100 * 100 = ₹12
SP = Gain + CP
= 100 + 12
= 112
Discount % = 20%
Discount = 20% of Marked Price
= 20% * x
= 20/100 * x
= x/5
According to the question,
Marked Price - Discount = SP
x - x/5 = 112
4x/5 = 112
4x = 112 * 5
x = (112*5)/4
x = ₹140.
Marked Price = ₹140
Amount marked about the Cost price = Marked Price - Cost price
= ₹140 - ₹100
= ₹40
because percent above the Cost Price
= Amount increased/CP * 100
= 40/100 * 100
= 40%
Hence, percent above the cost price is 40%.
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