📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      An item is initially marked up by

      20%, followed by a 10% discount, and sold for Rs. 756. If the goal is to achieve double the profit % of the previous transaction while offering a 20% discount, what should the new markup % be?
      A 45% Correct Answer Incorrect Answer
      B 28% Correct Answer Incorrect Answer
      C 40% Correct Answer Incorrect Answer
      D 25% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ, Let the cost price of the item be Rs. ‘a’. Therefore, 1.2 × 0.9a = 756 Or, 1.08a = 756 Or, a = 756/1.08 = Rs. 700 Profit % = {(756 – 700)/700} × 100 = 8% In second case, Selling price = 1.16 × 700 = Rs. 812 Marked price of the item = 812/0.80 = Rs. 1015 Required % = {(1015 – 700)/700} × 100 = 45%

      Practice Next
      More Profit and loss Questions

      Relevant for Exams:

      ask-question