Question
Amit marked up an article of cost price Rs. 800 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.ÂSolution
Selling price of the article = 0.88 × 800 = Rs. 704 Marked price of the article = 704/0.80 = Rs. 880 Required percentage = {(880 – 704)/704} × 100 = 10%
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