Question
Amit marked up an article of cost price Rs. 520 by certain percent and then sold it at discount of 20%. He suffered a loss of 10% in the whole transaction. Find the mark up percentage.Â
Solution
Selling price of the article = 0.90 × 520 = Rs. 468 Marked price of the article = 468/0.80 = Rs. 585 Required percentage = {(585 – 520)/520} × 100 = 12.5%
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