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If a retailer offers a discount of 32% on the marked price of his goods and thus ends up selling at cost price, what was the percentage markup price?
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- 24 per cent
- 47.05 per cent
- 22.34 per cent
- 32 per cent
Correct Option: B
Let the marked price of article be Rs. x and the C.P. be Rs. 100.
According to the question,
(100 – 32)% of x = 100
| ⇒ | = 100 | |
| 100 |
⇒ x × 68 = 100 × 100
| ⇒ x = | = | ||
| 68 | 17 |
= Rs. 147.05
i.e., 47.05% above the cost price.
