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H0w much percent above the cp should a shopkeeper mark his goods so that after allowing a discount of 20 percent on the market price he gains 20 percent?
Wiki User
∙ 11y ago
80% of Mark Price- CP)*100/CP = 20
0.8*MP-CP=0.2 CP
MP = 1.2CP/0.8
MP = 1.5 CP
so MP should be marked 50 % above the CP.
Wiki User
∙ 11y ago
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