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A trader allows a Discount of 5% for cash payment. How much approx % above cost price must he mark his goods to make a profit of 10%?
- A15.8%
- B18.8%
- C20.8%
- D23.8%
Correct answer: A
Discussion 1
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0
CCommunity
15.8%
10 = x-5 – 5x/100
19x/20 = 15;
x=15.789% or 15.8 %
10 = x-5 – 5x/100
19x/20 = 15;
x=15.789% or 15.8 %