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A shopkeeper marks price of his goods in such a way that after allowing a discount of 10%, he gains 26%. How much percent above the cost price is the marked price?
- A36%
- B38%
- C40%
- D28%
Answer not set
Discussion 1
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CCommunity
SP = MP - (Discount %/100) × MP
Let the marked price be Rs. X
SP = X - (10/100) × X
SP = 90X/100 = 0.9X
Profit% = (SP - CP)/CP × 100
26 = (0.9X - CP)/CP × 100
CP = 09X × (100/126) = 0.71X
Percentage markup = (MP - CP)/CP × 100 = (X-0.71X)/0.71X × 100 = 40%
Let the marked price be Rs. X
SP = X - (10/100) × X
SP = 90X/100 = 0.9X
Profit% = (SP - CP)/CP × 100
26 = (0.9X - CP)/CP × 100
CP = 09X × (100/126) = 0.71X
Percentage markup = (MP - CP)/CP × 100 = (X-0.71X)/0.71X × 100 = 40%