📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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. 
    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 = 0.92 × 480 = Rs. 441.6 Marked price of the article = 441.6/0.80 = Rs. 552 Required percentage = {(552 – 480)/480} × 100 = 15%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question