After allowing a discount of 11.11%, a trader still makes a gain of 14.28%. At how many percent above the cost price does he mark on his goods?
A. 28.56%
B. 35%
C. 22.22%
D. None of these
Answer: Option A
Solution(By Examveda Team)
Let the CP be Rs. 100, then SP = 100 + 14.28% of 100 = Rs. 114.28 (As Profit = 14.28%) This profit is arrived after giving discount of 11.11% on the marked price. Let the marked price be x X - 11.11% of X = 114.28 X × $$\frac{{100 - 11.11}}{{100}}$$ = 114.28 X = $$\frac{{114.28 \times 100}}{{8889}}$$ = Rs. 128.56, which is more than 28.56% of CP.Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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