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    Question

    A mobile phone was sold with a discount of Rs. 1200, which

    is Rs. 400 less than the profit earned. If its cost price is Rs. 800, determine the mark-up percentage.
    A 442% Correct Answer Incorrect Answer
    B 580% Correct Answer Incorrect Answer
    C 350% Correct Answer Incorrect Answer
    D 450% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Given, Discount = Rs. 1200, Cost price = Rs. 800

    Also, Profit = 1200 + 400 = Rs. 1600

    Selling price = 800 + 1600 = Rs. 2400

    Marked price = 2400 + 1200 = Rs. 3600

    So, required percentage = {(3600 - 800) /800} × 100 = 350%

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