Profit and Loss Practice Test 2

Question : 11 of 40

Marks: +1, -0

To gain 8% after allowing a discount of 10%, by what per cent cost price should be hiked in the list price?

Solution:

\table \Marked \price, \SP;x,x-10%\;\of \;x;,x-x/10=9/10x

CP=100/{100+8}×9/10x=5/6x

Cost per cent should be linked in the cost price

={MP-CP}/{CP}×100

={x-5/6x}/{5/6x}×100

=x/6×6/{5x}×100=20%

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