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.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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