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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