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.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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