Question

What should be the minimum markup percentage such that after giving a discount of 66 2/3%, there will not be a loss? Select one:



a. 133.33%



b. 100%



c. 150%



d. 200%?

Answer 1

Answer:

d) 200

Explanation:

Here, not a loss means CP=SP

Let cp=100

Discount=66 2/3 => 200/3

Check using option:

200..

Mp=cp+(%mp on cp)

MP=100+(%200 on 100)

MP=300

After discount, To check this is right...

SP=MP-(%discount on MP)

SP=300-(200/100*300)

S0=300-200

SP=100

CP=SP...HENCE 200% is crct answer