Multiple choice

A tradesman allows a discount of 1$5%$ on the written price. How much above the cost price should he mark his goods to make a profit of $19\ %$?

  1. $20%$
  2. $40%$
  3. $30%$
  4. $25%$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let the cost price be 100, so the required selling price is 119. With a 15% discount, 85% of the marked price equals 119, giving a marked price of 140. Therefore, the goods should be marked 40% above cost price.

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