Question

A saree dealer allows a discount of 10% on marked price. Hiw much above Cost Price must he mark his sarees to gain 8%? Explain the ans with proper steps and reason

Answer 1

Let the marked price be x.

Let the cost price be 100.

Then the selling price 100+8 = 108.


Given that the dealer allows the discount of 10% on the marked price.

90% of x = 108

90/100 * x = 108

90 * x = 108 * 100

90 * x = 10800

x = 10800/90

x = 120.


Therefore the Marked price is 20% above the cost price.