Question 117

How much percentage above the cost price should a shopkeeper mark his good so that after allowing a discount of 10% he should gain 26% ?

Solution

Let Cost price = Rs. 100

Profit % = 26%

=> Selling price = $$100+(\frac{26}{100}\times100)$$

= $$100+26=Rs.$$ $$126$$

Discount % = 10%

=> Marked price = $$\frac{126}{(100-10)}\times100$$

= $$14\times10=Rs.$$ $$140$$

$$\therefore$$ Markup % = $$\frac{(140-100)}{100}\times100=40\%$$

=> Ans - (C)

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