Question
The amount discounted on a microwave oven is Rs. 1000,
which is Rs. 400 less than the gain obtained from its sale. If the microwave’s cost is Rs. 1200, determine the mark-up percentage.Solution
ATQ,
Given, Discount = Rs. 1000, Cost price = Rs. 1200
Also, profit earned = 1000 + 400 = Rs. 1400
Selling price = 1200 + 1400 = Rs. 2600
So, Marked price = 2600 + 1000 = Rs. 3600
So, required percentage = {(3600 - 1200) /1200} × 100 = 200%
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