Question
Flipkart wishes to gain 25% after allowing 10% discount
on the market price to his customers. At what percent higher than the cost price must they mark their goods?Solution
Let the cost price of goods = 100 SP of goods = 125% of 100 = 125 MP of goods = 125 Ă— 100/90 = 1250/9 Difference of MP and CP = 1250/9 - 100 = (1250-100)/9 = 350/9 Difference% = (350/9)/100 Ă— 100 = 350/9 = 39%(approx.)
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