Question

For a shirt cost price is Rs. 400. Shopkeeper prints a tag on it with Markup% = 20% to earn a profit of 7.5%. What is markup?

Answer 1

Answer:

Step-by-step explanation:

Cost price of shirt = Rs. 400

To earn a profit of 7.5% than the selling price is 400 + 400*7.5/100 = Rs. 428;

Rs. 428 is the selling price after discount to make the profit of 7.5%;

Let Mark price is X;

20 =% of X = 0.20X: is the selling price;

So

428 = X-0.20X;

428 = 0.8X;

X = 428/0.8 = 535;

Markup price is Rs. 535

Answer 2

Answer:

Step-by-step explanation: