Question 74

If 60% discount is offered on the marked price and selling price becomes equal to cost price then what was the % mark up?

Solution

Let say cost price is c and marked price is m.

So, 0.40m=c.

or, m=2.5c.

so, he marked up by 1.5 times more than of cost price or by 150% more than cost price.

C is correct choice.

Create a FREE account and get: