Click to Chat
1800-2000-838
+91-120-4616500
CART 0
Use Coupon: CART20 and get 20% off on all online Study Material
Welcome User
OR
LOGIN
Complete Your Registration (Step 2 of 2 )
A trader buys goods at a 19% discount on the label price. If he wants to make a profit of 20% after allowing a discount of 10%, by what % should his marked price be greater than the original label price?
Let the label price be = Rs.100. The trader buys at a discount of 19%. Hence, his cost = 100 - 19 = 81. He wants to make a profit of 20%. Hence his selling price = 1.2 (81) = 97.2 However, he wants to get this Rs.97.2 after providing for a discount of 10%. i.e. he will be selling at 90% of his marked price. Hence, his marked price M = = 108 which is 8% more than the original label price.
Post Question
Dear , Preparing for entrance exams? Register yourself for the free demo class from askiitians.
points won -