A tradesman allows a discount of 15% on the marked price. How much above the cost price must he mark his goods as to gain 19%?

34%
40%
25%
30%

Correct Answer: 40%

Explanation:

Here, r = 15% and R = 19%
∴ Requirement percentage = [(r + R) / (100 - r)] x 100%
= [(15 + 19) / (100 - 15)] x 100% = [(34 x 100) / 85 ] % = 40%

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