Aspire's Library
A Place for Latest Exam wise Questions, Videos, Previous Year Papers,
Study Stuff for MCA Examinations - NIMCET
Study Stuff for MCA Examinations - NIMCET
Previous Year Question (PYQs)
After allowing 20% cash discount, a
trader still earns a profit of 11.11%. How much above the cost price, the
trader marks his goods?
Solution
Profit & Discount Problem: Marked Price vs Cost Price
Given:
- Cash Discount = 20%
- Profit = 11.11% (i.e., 1/9 of Cost Price)
Step-by-Step:
- Assume Cost Price = ₹100
- Then Selling Price = ₹111.11
- SP = 80% of Marked Price ⇒ MP = (111.11 × 100) / 80 = ₹138.89
- Markup = ₹138.89 − ₹100 = ₹38.89
✅ Final Answer: The trader marks the goods 38.89% above the cost price.
Online Test Series, Information About Examination,
Syllabus, Notification
and More.
View More
Online Test Series, Information About Examination,
Syllabus, Notification
and More.
View More
Ask Your Question or Put Your Review.
