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    Question

    A discount of Rs. 900 is given on a chair, and it is Rs.

    300 less than the profit made from selling it. If the cost price of the chair is Rs. 800, calculate the mark-up percentage.
    A 442% Correct Answer Incorrect Answer
    B 580% Correct Answer Incorrect Answer
    C 200% Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Given, Discount = Rs. 900, Cost price = Rs. 800

    Also, profit earned = 900 + 300 = Rs. 1200

    Selling price = 800 + 1200 = Rs. 2000

    So, Marked price = 2000 + 900 = Rs. 2900

    So, required percentage = {(2900 - 800) /800} × 100 = 262.5%

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