Question 78

If a retailer offers a discount of 32% on the marked price of his goods and thus ends up selling at cost price, what was the % markup price?

Solution

Let marked price = $$Rs. 100$$

Discount % = 32%

=> Selling price = $$100 - (\frac{32}{100} \times 100)$$

= $$100 - 32 = Rs. 68$$

According to ques, => Cost price = Selling price = Rs. 68

$$\therefore$$ Markup % = $$\frac{100 - 68}{68} \times 100$$

= $$\frac{800}{17} = 47.05\%$$

=> Ans - (B)

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