A person wants to sell his goods at 20% profit after allowing a discount of 16 2/3% on marked price. How much % above the cost price should he mark his article?

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Solution

Let the cost price be $C$ and the marked price be $M$
According to question , $C \times \frac{6}{5} = M \times \frac{83.33}{100}$
Solving we get $M = C$ $\times$ ( $1 + \frac{11}{25}$ )
Thus marked price should be $44$ % above cost price.

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A person wants to sell his goods at 20% profit after allowing a discount of 16 2/3% on marked price. How much % above the cost price should he mark his article?

Let the cost price be C and the marked price be MAccording to question , C×65=M×83.33100Solving we get M=C× (1+1125)Thus marked price should be 44% above cost price.

Let the cost price be $C$ and the marked price be $M$
According to question , $C \times \frac{6}{5} = M \times \frac{83.33}{100}$
Solving we get $M = C$ $\times$ ( $1 + \frac{11}{25}$ )
Thus marked price should be $44$ % above cost price.