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    Question

    The rebate offered on a microwave oven is Rs. 1800,

    which is Rs. 900 lower than the gain made on its sale. If the purchase cost of the microwave is Rs. 1500, what is the mark-up percentage on it?
    A 410% Correct Answer Incorrect Answer
    B 365% Correct Answer Incorrect Answer
    C 300% Correct Answer Incorrect Answer
    D 285% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Given,

    Discount = Rs. 1800, Cost price = Rs. 1500 Also, profit earned = 1800 + 900 = Rs. 2700 Selling price = 1500 + 2700 = Rs. 4200 So, Marked price = 4200 + 1800 = Rs. 6000 So, required percentage = {(6000 - 1500) / 1500} Ă— 100 = 300%

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