Question
Amit marked up an article of cost price Rs. 480 by
certain percent and then sold it at discount of 20%. He suffered a loss of 8% in the whole transaction. Find the mark up percentage.Solution
Selling price of the article = 0.92 × 480 = Rs. 441.6 Marked price of the article = 441.6/0.80 = Rs. 552 Required percentage = {(552 – 480)/480} × 100 = 15%
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