Question
After allowing a discount of 16%, there was still a gain of 5%. Then the percentage of marked price over the cost price is
Answer: Option A
Answer: (a)Let the C.P. of article be Rs.100 and its marked price be x.$x × 84/100 = 105$$x = {105 × 100}/84 = 125$Required percentage = 25%Using Rule 6,Here, r = 5% D = 16%$\text"MP"/\text"CP" = {100 + r}/{100 - D}$= ${100 + 5}/{100 - 16} = 105/84$Required Percentage= ${105 - 84}/84 × 100$ = 25%
Was this answer helpful ?
Answer: (a)Let the C.P. of article be Rs.100 and its marked price be x.$x × 84/100 = 105$$x = {105 × 100}/84 = 125$Required percentage = 25%Using Rule 6,Here, r = 5% D = 16%$\text"MP"/\text"CP" = {100 + r}/{100 - D}$= ${100 + 5}/{100 - 16} = 105/84$Required Percentage= ${105 - 84}/84 × 100$ = 25%
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution