er allows a discount of 5% for cash payment. How much % above cost pri

1.	er allows a discount of 5% for cash payment. How much % above cost price must hemark his goods to make a profit of 10% ?
Answer» 30% Here’s how… Cost Price = 100 Profit intended = 17% So, Selling Price = 117 But this 117 is after 10% discount on marked price. So, Marked Price * 0.9 = 117 i.e Marked Price = 117/0.9 which is equal to 130. not corret

er allows a discount of 5% for cash payment. How much % above cost price must hemark his goods to make a profit of 10% ?

Answer»

30%

Here’s how…

Cost Price = 100

Profit intended = 17%

So, Selling Price = 117

But this 117 is after 10% discount on marked price.

So, Marked Price * 0.9 = 117

i.e Marked Price = 117/0.9 which is equal to 130.

not corret