A shopkeeper wants to make a profit of 8% after giving a discount of 14%. At what approximate percentage above the cost price should he mark his goods?
Answer & explanation
Correct answer: option 3
CP MP
100 - D% 100 + P%
100 - 14% 100 + 8%
86 108
Markup = 108 - 86 = 22
Markup % = 22 × \(\frac{100}{86}\) = 25.6%