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    Question

    Amit marked up an article of cost price Rs. 500 by

    certain percent and then sold it at discount of 20%. He suffered a loss of 12% in the whole transaction. Find the mark up percentage. 
    A 10% Correct Answer Incorrect Answer
    B 12.5% Correct Answer Incorrect Answer
    C 15% Correct Answer Incorrect Answer
    D 13.75% Correct Answer Incorrect Answer

    Solution

    Selling price of the article = 0.88 × 500 = Rs. 440 Marked price of the article = 440/0.80 = Rs. 550 Required percentage = {(550 – 500)/500} × 100 = 10%

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