Answer: [tex]25.9\%[/tex]
Step-by-step explanation:
Given
Shopkeeper allows 15% discount on the marked price and still manages a profit of 7%
Suppose the marked price is [tex]x[/tex]
So, the selling price is [tex](1-0.15)x=0.85x[/tex]
Suppose the cost price is [tex]y[/tex]
[tex]\Rightarrow \dfrac{0.85x-y}{y}=7\%\\\\\Rightarrow \dfrac{0.85x}{y}-1=0.07\\\\\Rightarrow \dfrac{0.85x}{y}=1.07\\\\\Rightarrow y=\dfrac{0.85x}{1.07}\\\\\Rightarrow y=0.794x[/tex]
So, the percentage the shopkeeper marked his goods above cost price
[tex]\Rightarrow \dfrac{x-y}{y}\times 100\\\\\Rightarrow \dfrac{x-0.794x}{0.794}\times 100\\\\\Rightarrow \dfrac{0.2056}{0.794x}\times 100\\\\\Rightarrow 25.89\%\approx 25.9\%[/tex]
