A trader buys an article for Rs 600 and marks it up so that after allowing a 10% discount he still makes a 20% profit. By what percent above cost price did he mark the article? (Round to the nearest whole percent.)

Question

Accepted Answer

About 33%. Required SP = 600 x 1.20 = 720 = 90% of MP, so MP = 720/0.90 = 800. Markup = 800-600/600 x 100 = 33.3%, about 33%.

A trader buys an article for Rs 600 and marks it up so that after allowing a 10% discount he still makes a 20% profit.
By what percent above cost price did he mark the article?
(Round to the nearest whole percent.)

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More Class 8 Discount and Tax practice

A trader buys an article for Rs 600 and marks it up so that after allowing a 10% discount he still makes a 20% profit.By what percent above cost price did he mark the article?(Round to the nearest whole percent.)

Step-by-Step Solution

Master this chapter in 30 minutes a day.

More Class 8 Discount and Tax practice

A trader buys an article for Rs 600 and marks it up so that after allowing a 10% discount he still makes a 20% profit.
By what percent above cost price did he mark the article?
(Round to the nearest whole percent.)