A dealer allows a 5% discount and still gains 14%. How ... – Arithmetic

Arithmetichard · Past Paper

A dealer allows a 5% discount and still gains 14%. How much percent is the MP above CP?

A20%

B15%

C25%

D10%

✓ Correct Answer: A — 20%

Let CP = 100, Gain = 14, SP = 114. MP = (114 * 100) / 95 = 120. MP is 20% above CP.

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