• Question

      Even after allowing a discount of 40% on the marked price, a shopkeeper earns 50 % profit. By what percentage has the marked price been marked up above the cost price?

      A 120% Correct Answer Incorrect Answer
      B 140% Correct Answer Incorrect Answer
      C 150% Correct Answer Incorrect Answer
      D 160% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let Marked Price = Rs. 100 S.P. = Rs. 60 Profit % = 50 % C.P = 60`xx100/150` = Rs.40 Required % = `(100-40)/40xx` 100 = 150%

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