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Q.

A shopkeeper allows a discount of 20% on the marked price and still gains 20% on the whole. Find

at what percent above the cost price did he marked his goods.

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a

 50%

b

 60% 

c

75%

d

80%

answer is A.

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Detailed Solution

Let M.P = m     

 discount = 20% 

SP=(100-20)% of MP=80% of m=4m5  (1)           

Let C.P = c                  

gain =20%

SP=(100+20)%of cp=120% of c=6c5(2)

equate (1) and (2)

4m5=6c5

m:c=3:2

3x-2x2x×100%

x2x×100%=50%

he marked 50% above the  cost price

 

 

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