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A tradesman allows a discount of 15 percent on the written price how much above the cost price must he mark his goods to get a profit of 19 percent?
Wiki User
∙ 14y ago
p=wholesale price, m=markup p*m*(1-.15)=p*1.19 m*.85=1.19 m=1.19/.85=1.40 His markup must be at least 40%.
Wiki User
∙ 14y ago
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