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    Question

    Amit marked up an article of cost price Rs. 420 by

    certain percent and then sold it at discount of 20%. He suffered a loss of 6% in the whole transaction. Find the mark up percentage. 
    A 17.5% Correct Answer Incorrect Answer
    B 15% Correct Answer Incorrect Answer
    C 16.25% Correct Answer Incorrect Answer
    D 13.75% Correct Answer Incorrect Answer

    Solution

    Selling price of the article = 0.94 × 420 = Rs. 394.8 Marked price of the article = 394.8/0.80 = Rs. 493.5 Required percentage = {(493.5 – 420)/420} × 100 = 17.5%

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