Question : 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?
Option 1: 24%
Option 2: 47.05%
Option 3: 22.34%
Option 4: 32%
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Correct Answer: 47.05%
Solution : Let Rs. 100 be the marked price. Discount = 32% Selling price = 100 – 32 = Rs. 68 Here, cost price = selling price = Rs. 68 Marked up% = $\frac{32}{68}×100$ = $\frac{800}{17}$ = 47.05% Hence, the correct answer is 47.05%.
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Question : A shopkeeper marks his goods at 90% more than their cost price and allows a discount of 40% on the marked price. His gain percentage is:
Option 1: 18%
Option 2: 16%
Option 3: 14%
Option 4: 12%
Question : Arun brought 50 kg of rice at a discount of 15% on the marked price. For purchasing bulk quantity, he was given 5 kg of wheat (the marked price of which was 60% of the marked price of rice) free of cost. Had the retailer sold both items at their marked price to his other customers, then approximately what would be the profit percentage that the shopkeeper could earn?
Option 1: 24.7%
Option 2: 25.2%
Option 3: 22.8%
Option 4: 23.5%
Question : A merchant increases the cost price of an item by 30% and offers a discount of 15% on this marked price. What is his profit percentage?
Option 1: 10.5%
Option 2: 8.2%
Option 3: 9.5%
Option 4: 11.4%
Question : A merchant marked his goods 20% above the cost price and sold the goods at a profit of 8%. The rate of discount is:
Option 1: 15%
Option 2: 10%
Option 3: 12%
Option 4: 8%
Question : The marked price of a school bag was INR 550. This price was 10% above the cost price. It was sold at a discount of 10% on the marked price. Find the gain or loss percentage.
Option 1: Loss 1%
Option 2: Loss 0.1%
Option 3: Gain 0.1%
Option 4: Gain 1%
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