Question

8. What should be the mark-up percentage of an article so that a merchant can make a profit of 25% by selling it after allowing a discount of 6¼% pls explain step by step clearly ​

Answer 1

Answer:

Assume cost price =100.

As profit %=20%, profit made after the discount =20% of 100=Rs.20

So, selling price =Rs.120.

The merchant makes this profit of 20% after a discount of 20%.

Therefore, he is selling at Marked price - 20% of marked price =80% of marked price.

i.e., 80% of marked price =Rs.120

100

80

of marked price =120

Marked price =120×

80

100

Markup =50%