Profit & Loss · Question 15 · Hard
A trader wants to earn 22.5% profit even after allowing a 12.5% discount. By what percentage above the cost price should he mark his goods?
- 35%
- 37 1/2%
- 40%
- 45%
Answer and explanation
Answer: C. 40%
Explanation: Let CP = 100. Required SP = 122.5, which must be 87.5% of MP. MP = 122.5 ÷ 0.875 = 140, i.e. 40% above CP.
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