company offer a discount of 40 % on the marked price of its product and thus end up selling at cost price.what was the % mark up
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Answer:
66.67%
Step-by-step explanation:
Let the marked price be 100 unit
after giving discount of 40% the selling price becomes
100 - 40 = 60 unit
According to question the selling price = cost price = 60
mark up % = (40 X 100) / 60 = 400/6 = 66.67%
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