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Question 23
The marked price of an article is ₹800 and it is sold at a discount of 19%. If there is a gain of 8%, then by what percent above the cost price was the article marked?
Solution
The marked price of an article = ₹800
Discount = 19%
Selling price = (100 - 19 - 81%) of the marked price
= 800$$\times \frac{81}{100} $$ = Rs.648
Gain 8%
Cost price = 648 $$\times \frac{100}{108} $$ = 600
Required percentage = $$\frac{800 - 600}{600} \times 100 = \frac{200}{600} \times 100 = 33\frac{1}{3}$$%
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