A shopkeeper marks goods 40% above cost and wants a 12% profit. What discount percent should be given on the marked price?

Problem Statement

Explanation

Let cost be one hundred and marked be one hundred forty. Target selling is one hundred twelve. Discount fraction equals (140−112)/140 which is zero point two. So twenty percent.

Code Solution

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discount% = (140-112)/140 × 100 = 20

Practice Sets

This question appears in the following practice sets:

Percentages, Profit & Loss, Discount

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A shopkeeper marks goods 40% above cost and wants a 12% profit. What discount percent should be given on the marked price?

Problem Statement

Explanation

Code Solution

Practice Sets

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Master Interviews Anywhere, Anytime

A shopkeeper marks goods 40% above cost and wants a 12% profit. What discount percent should be given on the marked price?

Problem Statement

Explanation

Code Solution

Practice Sets

Related Questions

What is the sum of first 50 natural numbers?

Find the HCF of 12 and 18.

Find the LCM of 12 and 18.

Simplify: 25 + 15 × 3 - 10 ÷ 2

A number when divided by 5 leaves remainder 3. What will be the remainder when the square of this number is divided by 5?

More from Aptitude & Reasoning

Master Interviews
Anywhere, Anytime