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Question
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?
🎥 Video solution / Text Solution of this question is given below:
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.
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