Question

A trader wants to earn 16(2/3)% after allowing a discount of 25%. Find by how much % he has to increase his cost price to make M.P?

Answer 1

Let the cost price be $C$ and the marked price be $M$

According to question , $C\times \frac{7}{6}=M\times \frac{3}{4}$

Solving we get $M=C$$\times$ $\frac{14}{9}$

Thus marked price should be $\frac{500}{9}$% above cost price.