Problem Statement
To earn 25% profit after allowing 20% discount, what should be the markup on cost price?
Explanation
Let cost be one. Desired selling price is one point two five. With twenty percent discount, selling price equals marked price times zero point eight. So marked price is one point two five over zero point eight which is one point five six two five. That is fifty six point two five percent markup.
Code Solution
SolutionRead Only
MP/CP = 1.25 / 0.80 = 1.5625
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