a trader buy goods at 19% discount on the label price if he wants to make a profit of 20% after allowing a discount of 10% by what % should his marked price be greater than the original label price?

• Let the label price be = Rs.100. The trader buys at a discount of 19%.
  Hence, his cost = 100 - 19 = 81.
  
  He wants to make a profit of 20%. Hence his selling price = 1.2 (81) = 97.2
  
  However, he wants to get this Rs.97.2 after providing for a discount of 10%. i.e. he will be selling at 90% of his marked price.
  Hence, his marked price M = = 108 which is 8% more than the original label price.
  
• 12 years agoHelpfull: Yes(3) No(0)
• CP= .81 CP
  SP= 1.20 CP
  SP=.90 MP
  solve and get MP= 1.08 LP ie 8 %
• 12 years agoHelpfull: Yes(1) No(0)