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A trader buys certain items at 32 % off the list price and he wants to make aprofit of 25 % after allowing a discount of 20 %. At what per cent above the listprice should he mark the items? |
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Answer» Let the List price(M.P) be 100 Rs.He buys it at 32% off the list priceC.P = 100 - 100*32/100 = 68 Rs.P= 25%S.P = C.P*(100+P)/100 = 68*125/100 = 85 Rs.Discount = 20%Discount is always given on M.PS.P = M.P*(100-discount)/10085 = M.P*80/100M.P = 106.25 Rs.The (assumed) list price was 100Hence, mark up % = 106.25-100/100 * 100 = 6.25%So he should mark 6.25% above the list price. hit like if you find it useful |
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