AP ICET 2016 Paper

Question : 98 of 200

Marks: +1, -0

What percent on the cost price of an article should a businessman mark on his article so that he allows a discount of 30% on it and minimizes his loss to 2% ?

Validate

Solution:

Let C.P = Rs. 100
⇒ S. P = Rs. 98
∴ Marked price

=98×100/70=\Rs.140

So, he should mark his price 40% above the C.P

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