Profit and Loss Practice Test 8

Question : 40 of 40

Marks: +1, -0

How much per cent more than the cost price should a shopkeeper mark his goods so that after giving a discount of 12.5% he makes a profit of 5%?

Solution:

Let C.P. = Rs. 100; then S.P. = Rs. 105
Hence, marked price =

100/875×105

= Rs. 120
Since, required percentage = 120 – 100 = 20%

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