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.