Question

A suit was listed at 360 but was sold for 288. If 4% loss is incurred by the trader,then the percent did he mark up the suit on the cost is​

Answer 1

Answer:

20% above CP

Step-by-step explanation:

Given:

MP=360; SP=288; Loss %= 4%

Let CP be = x

Loss = 4% of x = x/25

SP = CP-Loss

288= x - x/25

x=300

MP = 360, CP=300

Diff = 360 - 300 = 60

Diff % = 60/300 * 100

          = 20%

Ans) Hence he marked up the suit by 20% on the cost price.

Answer 2

Step-by-step explanation:

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