Asked by manavi
after allowing 12% on the marked price a dealer still gains 21% by what percent is the marked price above the cost price
Answers
Answered by
Steve
12% off means 88% of the price. So,
.88p = 1.21c
p = 1.375c
so, the marked price is 37.5% above cost
.88p = 1.21c
p = 1.375c
so, the marked price is 37.5% above cost
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