Question
Amit marked up an article of cost price Rs. 460 by
certain percent and then sold it at discount of 20%. He suffered a loss of 7% in the whole transaction. Find the mark up percentage.ÂSolution
Selling price of the article = 0.93 × 460 = Rs. 427.8 Marked price of the article = 427.8/0.80 = Rs. 534.75 Required percentage = {(534.75 – 460)/460} × 100 = 16.25%
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