InterviewSolution
Saved Bookmarks
| 1. |
If a merchant offers a discount of 40% on the marked price of his goods and thus ends up selling at cost price, what was the % markup? 1). 42.85%2). 58.54% 3). 66.67%4). 79.85% |
|
Answer» If the MERCHANT offers a discount of 40% on the marked PRICE, then the goods are sold at 60% of the marked price. ∴ selling @ 40% discount = 60% of marked price (M) = COST price (C). ⇒ (60/100) × M = C ∴ M = (100/60) × C = 1.666667 × C ∴ % MARKUP = 66.67% |
|