A shopkeeper allows a 15% discount on the marked price of an item and still makes a 19% profit. By what percentage is the marked price above CP?

Topic: Profit and Loss
Subtopic: Marked Price and Discount

A30%

B35%

C40%

D45%

Explanation

Let CP = 100 => SP = 119. MP * (1 – 0.15) = 119 => 0.85 * MP = 119 => MP = 119 / 0.85 = 140. Marked price is 40% above CP.

Exam Relevance

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