Latest others Aptitude Question SOLUTION: a trader allows discount of 5% for cash payment. how much percent above the cost price must he mark his goods to make a profit of 10%?

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a trader allows discount of 5% for cash payment. how much
percent above the cost price must he mark his goods to
make a profit of 10%?

Asked In others Ritwik (9 years ago)

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Vishnu Prasad V  (9 years ago)

MP(1-(5/100)) = CP(1+(10/100)), where MP is "MARKED PRICE" & CP is "COST PRICE"
Let MP = 100Rs.(assumption)
100*(95/100) = CP*(110/100)
CP = 950/11 =86.36
so % above CP= [(MP-CP)/CP]*100 = [(100-86.36)/86.36]*100= 15.79
So he has to mark at 15.79% above CP to get a profit of 10%

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