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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