Question 31

If a retailer offers a discount of 28% on the marked price of his goods and thus ends up selling at cost price, what was the % mark up?

Solution

Let marked price = $$Rs. 100$$

Discount % = 28%

=> Selling price = $$100 - (\frac{28}{100} \times 100)$$

= $$100 - 28 = Rs. 72$$

According to ques, => Cost price = Selling price = Rs. 72

$$\therefore$$ Markup % = $$\frac{100 - 72}{72} \times 100$$

= $$\frac{14 \times 25}{9} = 38.88\%$$

=> Ans - (C)

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