A tradesman gives 4% discount on the marked price and gives 1 article free for buying every 15 articles and thus gains 35%. By how much % more is the marked price above the cost price?
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Step-by-step explanation:
This price after discount of 4% = 100 – 4 = 96
he gives 1 article free on buying of 15 articles : discount of 1 on every set of 16
Therefore discount on 96 = 96/16 = 6
Thus % increase on 100 = (100/3)*(3/200)*100 = 50%
Answer:50%
Answer:
Let the MP of 1 article = Rs 1
MP of 15 article = Rs 15
SP of (15+1) articles = 15 x 96/100
= Rs 14.40
CP of 16 article = 14.40/135 x 100
= Rs 32/3
CP of 1 article = 32/3×16
= Rs 2/3
Required % = 1/3 x 3/2 x 100
= 50