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 9,492 with 13% VAT to buy the article, by what percent is the marked price above the cost price of the article?

Plz solve this problem ​

Answer 1

25%

Explanation:

let the MP be x

sp without vat =x-16%of x

= 21x/25

sp with VAT = 21x/25 +13% of 21x/25

rs 9492 = 2373x/2500

( 9492*2500)/2373=x

x = 10000

cp = ((21x/25 )*100)/100+5 ( 5= profit percent )

=8000

(10000-8000)×100%/8000

=25%