Question 66

At what percentage above the cost price must an article be marked so as to gain 38% after allowing a customer a discount of 8% on the marked price?

Solution

Let cost price = Rs. $$100x$$

=> Profit % = 38%

=> Selling price = $$\frac{138}{100}\times100x=Rs.$$ $$138x$$

After discount of 8%, marked price = $$\frac{138x}{92}\times100=Rs.$$ $$150x$$

$$\therefore$$ Markup % = $$\frac{(150x-100x)}{100x}\times100=50\%$$

=> Ans - (C)

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