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After a discount of 11.11 percent a trader still makes a gain of 14.28 percent at how many percent above the cost price does he mark his goods?
Wiki User
∙ 12y ago
selling price the trader marks be S.P1;
after discount the selling price be S.P2;
so
[S.P1 - ((11.11/100)*S.P1)] = S.P2;
also from the que, we can write (14.28/100)*C.P = Profit;
profit is S.P2 - C.P;
so, (14.28/100)*C.P = [S.P1 - ((11.11/100)*S.P1)] - C.P;
(114.28/100)*C.P = (88.89/100)*S.P1;
S.P1 = 128.56*C.P;
therefore the trader marks 28.56% above the C.P....
Wiki User
∙ 12y ago
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