Saturday, 4 June 2016

algebra precalculus - Shopkeeper's problem

I was reading a text book and came across the following interesting problem, mostly faced by shopkeepers:




If $x\%$ discount on an article is given on cash payment, find the percentage that should be marked above the cost price so as to make a profit of $y\%$.




Can someone please explain me how to solve this problem?



Thanks in advance!

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