Question 61

The marked price of an article is ₹882. It is sold for ₹806.40. If there is a loss of 4%, then by what percent above the cost was the article marked?

Solution

The marked price of an article is ₹882.

MRP = ₹882

Let's assume the cost price of the article is ₹y.

It is sold for ₹806.40. If there is a loss of 4%.

y of (100-4)% = 806.40

96% of y = 806.40

y = 840

Marked up percentage = $$\frac{\left(882-840\right)\times\ 100}{840}$$

= $$\frac{42\times\ 100}{840}$$

= 5%

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