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      Question

      A discount of Rs. 1800 is offered on a washing machine,

      which is Rs. 700 less than the profit made on selling it. If the cost price is Rs. 2000, find the mark-up percentage.
      A 442% Correct Answer Incorrect Answer
      B 580% Correct Answer Incorrect Answer
      C 215% Correct Answer Incorrect Answer
      D 450% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      Given, Discount = Rs. 1800, Cost price = Rs. 2000

      Also, profit earned = 1800 + 700 = Rs. 2500

      Selling price = 2000 + 2500 = Rs. 4500

      So, Marked price = 4500 + 1800 = Rs. 6300

      So, required percentage = {(6300 - 2000) /2000} × 100 = 215%

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