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    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.
    A 442% Correct Answer Incorrect Answer
    B 580% Correct Answer Incorrect Answer
    C 200% Correct Answer Incorrect Answer
    D 450% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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