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%?

• 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%
• 10 years agoHelpfull: Yes(2) No(0)