1,177 views
0 votes
0 votes
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?
A) +8%           
B) -3.8%  
C) +33.33%           
D) None of these

1 Answer

Best answer
0 votes
0 votes
CP = 0.81 LP

Profit = (SP-CP)/CP = 0.2, so SP = 1.2 CP

Discount = 10%, So, MP = SP/0.9 = 1.2/0.9 CP = 4/3 CP = 4/3 * .81 LP = 1.08 LP.

So, MP must be greater than LP by 8%.
selected by

Related questions

0 votes
0 votes
0 answers
1
Lakshman Bhaiya asked Jul 22, 2022
187 views
By selling $25$ kg of rice, a trader gains the selling price of $5$ kg of rice. The gain of the trader in $\%$ is :$12.5 \%$$20 \%$$25 \%$$33.3 \%$
0 votes
0 votes
0 answers
2
Lakshman Bhaiya asked Jul 22, 2022
224 views
By selling $33$ meters of cloth, one gains the selling price of $11$ meters. Find the gain percent :$20 \%$$40 \%$$50 \%$$22 \%$