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A tradesman allows a discount of 15 on the marked price...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
?

A tradesman allows a discount of 15% on the marked price. How much above the cost price must he mark his goods as to gain 19% ?

Answer & Solution
Correct Answer: Option B
According to the question,
Cost Price : Marked Price
(100 - Discount)   :   (100 + Profit)
100 - 15 : 100 + 19
85 : 119
34 units more

$$\eqalign{ & {\text{Raised}}\% = \frac{{34}}{{85}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 40\% \cr} $$
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