ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    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 ├Ч 0.85 ├Ч a = 1955 Or, a = 1955/0.9775 = Rs. 2000 Let the mark up percentage be b% According to the question, 2000 + b% of 2000 тАУ 10% of (2000 + b% of 2000) = 1955 + 25 Or, 2000 + 20b тАУ 200 тАУ 2b = 1980 Or, 18b = 180 Or, b = 10%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question