Practicing Success
By how much percent a shopkeeper must mark his goods above its cost price so as by giving 15% discount, he earns a profit of 2%. |
20% 25% 40% 15% |
20% |
C.P. : MRP = (100 - Discount)% : (100 + Profit)% = (100 - 15)% : (100 + 2)% = 85% : 102% = 5 : 6 C.P. = 5R MRP = 6R So, shopkeeper marks up his goods by = \(\frac{6R\;-\;5R}{5R}\)× 100% = 20% |