A shopkeeper allows 2% discount and gives 1 article free on purchase of 6 articles. He earns 40% profit during the transaction. By what percent above the cost price he marked his good.

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Solution

Let the cost price be $C$
And the marked price be $M$
According to question , $M \times \frac{98}{100} \times \frac{5}{6} = C \times \frac{14}{10}$
So, $M = C \times \frac{12}{7}$ . Thus By $\frac{500}{7}$ % MP is more than CP

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A shopkeeper allows 2% discount and gives 1 article free on purchase of 6 articles. He earns 40% profit during the transaction. By what percent above the cost price he marked his good.

Let the cost price be CAnd the marked price be MAccording to question , M×98100×56=C×1410So, M=C×127 . Thus By 5007% MP is more than CP

Let the cost price be $C$
And the marked price be $M$
According to question , $M \times \frac{98}{100} \times \frac{5}{6} = C \times \frac{14}{10}$
So, $M = C \times \frac{12}{7}$ . Thus By $\frac{500}{7}$ % MP is more than CP