Practicing Success
A shopkeeper marks his goods 30% higher than the cost price and allows a discount of 10% on the marked price. In order to earn 6.5% more profit, what discount percent should he allow on the marked price? |
6 5.5 4 5 |
5 |
Let the cost price = 100 then the marked price = 130 Discount offered = 10% Selling price = 90% of 130 = 117 Now, it is required to earn 6.5% more profit then the selling price will be, SP = 117 + 6.5 = 123.5 Now the discount offered will be = 130 - 123.5 = 6.5% Discount% = \(\frac{6.5 × 100}{130}\) = 5% |