After giving a discount of 20%, a shopkeeper earns 36% profit. Marked price is what percent more than the cost price?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 70%
| Understanding | Application |
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MP - 20% Of MP = SP 0.8MP = SP 0.8MP = CP + 36% Of CP 0.8MP = 1.36 CP MP/CP = 1.36/0.8 = 17/10 MP is what % more than CP = (MP - CP) × 100/CP 7 × 100/10 = 70% |
MP - Discount = SP SP - Profit = CP |