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What percent above cost price should goods be marked for sale so that after allowing (25 / 2) % trade discount and 5% cash discount, a net gain of 33% may be earned?
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- 45%
- 40%
- 50%
- 60%
Correct Option: D
If the C.P. is $ 100, the cash selling price = $ 133.
Now, let invoice price (after allowing T.D.) be 100, cash discount = 5 %
∴ When,
∴ y = | = ₹ 140 | 95 |
Now, Trade discount = 12 | % | 2 |
∴ Marked price 100 – 12 | T.D. | = 87 | (Invoice price) | 2 | 2 |
When,
Thus, marked price should be 60% = (160 – 100) above cost.