Publisher sells books to retailer at marked price which is $20$ % above his outlay. If on cash payment, he allows a discount of $10$ % go the marked price. The publisher thus gains

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Solution

The correct option is C $8$ %
Let CP of Book $= 100$
MP $= 120$
SP after Discount $= \frac{90}{100} \times 120 = 108$
Profit $% = 8$ %

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A wholesaler buys a TV from the manufacturer for Rs 25,000. He marks the price of the TV $20 %$ above his cost price and sells it to a retailer at a $10 %$ discount on the marked price. If the rate of VAT is $8 %$ , find the :
(i) Marked price
(ii) Retailer's cost price inclusive of tax
(iii) VAT paid by the wholesaler.
[3 MARKS]

How much percent above the cost price should a shopkeeper mark his goods so that after allowing a discount of $10$ % on the marked price, he still gains $8$ %.

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Publisher sells books to retailer at marked price which is 20% above his outlay. If on cash payment, he allows a discount of 10% go the marked price. The publisher thus gains

The correct option is C 8%Let CP of Book =100MP=120SP after Discount =90100×120=108Profit %=8%

Publisher sells books to retailer at marked price which is $20$ % above his outlay. If on cash payment, he allows a discount of $10$ % go the marked price. The publisher thus gains

The correct option is C $8$ %
Let CP of Book $= 100$
MP $= 120$
SP after Discount $= \frac{90}{100} \times 120 = 108$
Profit $% = 8$ %