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Rakesh thinks to make 48% profit after allowing a discount of 60% on the marked price, cost price of an article has to be increased by how much percentage?1). 70%2). 170%3). 270%4). 370% |
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Answer» Let the cost price of an ARTICLE be RS. x. For 48% profit, sell price = cost price (1 + profit %) = Rs. x (1 + 0.48) = Rs. 1.48x But this sell price is obtained after 60% discount on Marked Price. Sell Price = Marked Price (1 − Discount %) ⇒ 1.48x = Marked Price (1 − 0.60) ⇒ Marked Price = $(\frac{{1.48x}}{{0.4}}\; = \;3.7x)$ ∴ The object should be marked at 270% HIGHER price. |
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