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      Question

      The initial item has a markup and discount percentage

      both set at 15%, with a selling price of Rs. 1955. If a discount of 10% is applied to the same item, and it is sold for Rs. 25 more, what will be the new markup percentage?
      A 12.5% Correct Answer Incorrect Answer
      B 10% Correct Answer Incorrect Answer
      C 15% Correct Answer Incorrect Answer
      D 25.22% Correct Answer Incorrect Answer
      E none of these Correct Answer Incorrect Answer

      Solution

      ATQ, Let the cost price of the article be Rs.'a' According to the question, 1.15 × 0.85 × a = 1955 Or, a = 1955/0.9775 = Rs. 2000 Let the mark up percentage be b% According to the question, 2000 + b% of 2000 – 10% of (2000 + b% of 2000) = 1955 + 25 Or, 2000 + 20b – 200 – 2b = 1980 Or, 18b = 180 Or, b = 10%

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