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A dealer allows a dicount of 10% on the MP.how much above the CP must he mark his goods to make a profit of 8%

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by rockyy

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by rockyy

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Profit = 8%

S.P.=(1+p/100)*C.P.

S.P.=(1+8/100)*x

S.P.=108x/100

S.P.=(1-d/100)*M.P.

108x/100=(1-10/100)*M.P.

108x/100=90M.P./100

90M.P.=108x

M.P.=108x/90

M.P.=1.2x

Difference=1.2x-x

=0.2x

Percentage=2x/10*1/x*100

Percentage=20%