Multiple choice

How much percent above the cost price should a shopkeeper mark his goods so as to earn a profit of 30% after allowing a discount of 12% on the marked price?

  1. 47.73%

  2. 45.72%

  3. 40.75%

  4. 40%

  5. 45.5%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let the CP of goods be Rs. x.

MP has been marked y% above the CP. 

So, MP of goods = x + xy/100 

Now, according to question,

(x - xy/100) - (x - xy/100) * (12/100) = 130x/100 

After solving this equation, we get

y = 47.73%

So, the marked price will have to fixed 47.73% above the cost price.

Keep practicing — related questions