Question
Download Solution PDFA trader offers a discount of 10% on an article if a customer makes the payment in cash. How much percentage above the cost price should he mark the article to make a profit of 10%? [Give your answer correct to 2 decimal places.]
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Discount = 10%
Profit = 10%
Calculation:
According to the question,
90% of Marked price = 110% of Cost price
⇒ Marked price = \(\frac{110\% \ of \ Cost\ price}{90\% }\)
⇒ Marked price = \(\frac{11}{9}\) × Cost price
Percentage above which marked price should be marked
= \(\frac{(\frac{11}{9}\ -\ 1) Cost \ price }{Cost\ price}\)× 100
= \(\frac{2}{9}\) × 100
= 22.22..%
Thus, the required value is 22.22%.
Hence, the correct answer is option 4).
Last updated on Jul 18, 2025
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