A trader wishes to gain 20% after allowing 10% discount on the marked price to his customers. At what percent higher than the cost price must he mark his goods ?
A. 30%
B. $${\text{ 33}}\frac{1}{3}\% $$
C. $${\text{34}}\frac{2}{3}\% $$
D. 35%
Answer: Option B
Solution(By Examveda Team)
Let the cost price of goods = Rs. 100Selling price of goods
= 120% of 100
= Rs. 120
Mark price of goods
$$\eqalign{ & {\text{ = 120}} \times \frac{{100}}{{90}} \cr & = \frac{{400}}{3}{\text{ }} \cr} $$
Difference of Mark price and Cost price
$$\eqalign{ & {\text{ = }}\frac{{400}}{3} - 100 \cr & {\text{Difference }}\% \cr & = \frac{{\frac{{100}}{3}}}{{100}} \times 100 \cr & = \frac{{100}}{3}\% \cr & = 33\frac{1}{3}\% \cr} $$
Related Questions on True Discount
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
A. 12%
B. 13%
C. 15%
D. 14%
A. Rs. 9025.20
B. Rs. 9200
C. Rs. 9600
D. Rs. 9560
A. Rs. 12,000 in cash
B. Rs. 12,880 at credit
C. Both are equally good
D. Rs. 18.33
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