After allowing a discount of 20% on Marked price Kishore makes a profit of 12%. What percentage is the Marked price above the Cost price?
Let the C.P be Rs 100
P = 12%
S.P = Rs 112
Discount = 20%
Now let M.P be Rs x
Then,
$$x\times\frac{80}{100}=112$$
$$x=140$$
Hence M.P is (140-100) = 40% above the cost price.
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