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The selling and cost price of an article...

The selling and cost price of an article are Rs. 3960 and Rs. 3600 respectively. If 12% discount was given, then what is the percentage mark up ?

A

25

B

30

C

35

D

20

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we can follow these steps: ### Step 1: Identify the given values - Selling Price (SP) = Rs. 3960 - Cost Price (CP) = Rs. 3600 - Discount = 12% ### Step 2: Calculate the Marked Price (MP) Since we know the Selling Price after a discount, we can express the Selling Price in terms of the Marked Price: \[ SP = MP - (Discount \% \times MP) \] Given that the discount is 12%, we can rewrite this as: \[ SP = MP \times (1 - 0.12) \] \[ SP = MP \times 0.88 \] Now, substituting the Selling Price into the equation: \[ 3960 = MP \times 0.88 \] To find the Marked Price (MP), we rearrange the equation: \[ MP = \frac{3960}{0.88} \] Calculating this gives: \[ MP = 4500 \] ### Step 3: Calculate the Markup Now, we can find the markup, which is the difference between the Marked Price and the Cost Price: \[ Markup = MP - CP \] \[ Markup = 4500 - 3600 \] \[ Markup = 900 \] ### Step 4: Calculate the Percentage Markup The percentage markup is calculated based on the Cost Price: \[ \text{Percentage Markup} = \left( \frac{Markup}{CP} \right) \times 100 \] Substituting the values we have: \[ \text{Percentage Markup} = \left( \frac{900}{3600} \right) \times 100 \] Calculating this gives: \[ \text{Percentage Markup} = 25\% \] ### Final Answer The percentage markup is **25%**. ---
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