Question
Snap deal wishes to gain 35% 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 = 135% of 100 = 135 MP of goods = 135 × 100/90 = 150 Difference of MP and CP = 150 - 100 = 50 Difference% = 50/100 × 100 = 50%
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