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How much per cent more than the cost pri...

How much per cent more than the cost price should a shopkeeper marks his goods so that after allowing a discount of 20% on the marked price, he gains 10%?

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To solve the problem step by step, we will follow these calculations: ### Step 1: Define Variables Let the Cost Price (CP) of the goods be \( x \). ### Step 2: Calculate Selling Price for Profit The shopkeeper wants to gain a profit of 10%. Therefore, the Selling Price (SP) can be calculated as: \[ SP = CP + 10\% \text{ of } CP = x + 0.1x = 1.1x \] ### Step 3: Calculate Selling Price after Discount The shopkeeper gives a discount of 20% on the Marked Price (MP). After the discount, the Selling Price (SP) is: \[ SP = MP - 20\% \text{ of } MP = MP - 0.2 \times MP = 0.8 \times MP \] ### Step 4: Set the Selling Prices Equal Since both expressions for Selling Price represent the same value, we can set them equal to each other: \[ 0.8 \times MP = 1.1x \] ### Step 5: Solve for Marked Price To find the Marked Price (MP), rearrange the equation: \[ MP = \frac{1.1x}{0.8} \] \[ MP = \frac{11x}{8} \] ### Step 6: Calculate the Increase in Price Now, we need to find out how much more the Marked Price is compared to the Cost Price. The increase in price is: \[ MP - CP = \frac{11x}{8} - x = \frac{11x}{8} - \frac{8x}{8} = \frac{3x}{8} \] ### Step 7: Calculate the Percentage Increase To find the percentage increase over the Cost Price, we use the formula: \[ \text{Percentage Increase} = \left( \frac{MP - CP}{CP} \right) \times 100 \] Substituting the values we found: \[ \text{Percentage Increase} = \left( \frac{\frac{3x}{8}}{x} \right) \times 100 = \frac{3}{8} \times 100 = 37.5\% \] ### Final Answer The shopkeeper should mark his goods **37.5% more** than the cost price. ---
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