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.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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