A dealer is selling an article at a discount of 5% on the marked price. (1) What is the selling price, if the marked price is 140.
(2) What is the cost price, if the marked price is 12% above the cost price?
i've got the first answer using the formula:
Net SP= (100-D%)/100 * MP
SP=95/100 * 140 = 133
But now how do i proceed with the second question?