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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} ร— 100 = 262.5%

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