Question
Amit marked up an article of cost price Rs. 640 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.ÂSolution
Selling price of the article = 0.92 × 640 = Rs. 588.8 Marked price of the article = 588.8/0.80 = Rs. 736 Required percentage = {(736 – 640)/640} × 100 = 15%
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