Question

A shopkeeper marked the price of an article a certain percent above the cost price and he allowed 16% discount to make 5 % profit. if a customer paid rs 9492 with 13% vat to buy the article , by what percent did he mark the MP above CP

Answer 1

1 + 13%
1 + 0.13 = 1.13
9492 / 1.13 = 8400
1 + 5%
1 + 0.05 = 1.05
8400 / 1.05 = 8000
8400 = (1 - 0.16)800x
8400 = (0.84)800x
8400 = 6720x
8400 / 6720 = 6720x / 6720
1.25 = x ; 25% was percent

Answer 2

sorry I meant 8000x