Question

At what percentage above the cost price must an article be marked so as to gain $33\%$ after allowing the customer a discount of $5\%$?

Answer 1

Let C.P $=Rs.100$

Then S.P $=Rs.133$

Now let the Market Price be Rs. X

Then, $95\%$ of x $=133$

$=\frac{95x}{100}=133$

$X=140$

$\therefore$ Market Price $=40\%$ above C.P.