After allowing 20% cash discount, a trader still earns a profit of 11.11%. How much above the cost price, the trader marks his goods?

Profit & Discount Problem: Marked Price vs Cost Price

Given:

• Cash Discount = 20%
• Profit = 11.11% (i.e., 1/9 of Cost Price)

Step-by-Step:

• Assume Cost Price = ₹100
• Then Selling Price = ₹111.11
• SP = 80% of Marked Price ⇒ MP = (111.11 × 100) / 80 = ₹138.89
• Markup = ₹138.89 − ₹100 = ₹38.89

✅ Final Answer: The trader marks the goods 38.89% above the cost price.