Question
How much percent above the cost price should a shopkeeper mark his goods so as to earn a profit of 32% after allowing a discount of 12% on the marked price ?
Answer: Option C
Answer: (c)Let the C.P. be 100 and the marked price be x.$x × 88/100$ = 132$x = {132 × 100}/88$ = 150i.e., more by 50% Using Rule 9,The marked price of an article is fixed in such a way that after allowing a discount of r% a profit of R% is obtained. Then the marked price of the article is $({r + R}/{100 - r} × 100)$% more than its cost price.
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Answer: (c)Let the C.P. be 100 and the marked price be x.$x × 88/100$ = 132$x = {132 × 100}/88$ = 150i.e., more by 50% Using Rule 9,The marked price of an article is fixed in such a way that after allowing a discount of r% a profit of R% is obtained. Then the marked price of the article is $({r + R}/{100 - r} × 100)$% more than its cost price.
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