Question
Amit marked up an article of cost price Rs. 400 by
certain percent and then sold it at discount of 20%. He suffered a loss of 9% in the whole transaction. Find the mark up percentage.ÂSolution
Selling price of the article = 0.91 × 400 = Rs. 364 Marked price of the article = 364/0.80 = Rs. 455 Required percentage = {(455 – 400)/400} × 100 = 13.75%
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