Profit and Loss Practice Test 1

Question : 12 of 40

Marks: +1, -0

What should be the markup percent if Brij sold his goods at

71 3/7%

discount and incurs neither profit nor loss?

Solution:

Let C.P =100 and S.P = 100
Discount % =

71 3/7% = 500/7 % = 500 /7 ×1/100 = 5/7

let x be MP and is equal to

x-x×5/7 = SP

⇒ x- x5/7=100

⇒ 2/7x = 100

⇒x=350

\table CP, MP, SP;100 ,350 ,100

So, there is 250% mark up on CP.

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