Q. A trader buys goods at a 19% Amount on the label price. If he wants to make a profit of 20% after allowing a Amount of 10%, by what % should his marked price be greater than the original label price?
Option
A) +8%
B) -3.8%
C) +33.33%
D) None of these

• let the label price =100
  he buys the goods at 19% discount
  his cost=100-19=81
  he wants to make a profit 20% so 81(1.2)=97.2
  he wants to get 97.2 after providing for a discount of 10%
  90% of market price =97.2
  market price =97.2/0.9=108
  108-100=8 which is more than original price
  
• 11 years agoHelpfull: Yes(37) No(3)
• let l.p = 100
  then c.p for trader is 81 after getting 19% discount
  90% of M.P = (120/100) 81 //it means after allowing 10% discount on his marketed price he will get 20% profit
  then M.P =97.2/0.9 = 108
  so ans is 8% greater with original labeled price
  
• 11 years agoHelpfull: Yes(6) No(0)
• let label price = 100
  (81*120)/100 = (mp*90)/100
  => .... ... ...
  =>mp=108
  
  8% higher
• 11 years agoHelpfull: Yes(6) No(0)
• 8% will be the ans
• 10 years agoHelpfull: Yes(1) No(0)
• Ans:-33.33%
  
• 11 years agoHelpfull: Yes(0) No(10)
• Let the label price be 100
  1st S.P = 81% 100 = 81
  2nd S.P = 120% 81 = 97.2
  Now
  97.2= 90% (C.P)
  C.P = 108
  Hence Difference = 108-100= 8%.
• 10 years agoHelpfull: Yes(0) No(0)