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If a retailer offers a discount of 20% on the marked price of his goods and thus ends up selling at cost price, what was the % marks up?
(a)20
(b)25
(c)30
(d)40?
(a)20
(b)25
(c)30
(d)40?
Most Upvoted Answer
If a retailer offers a discount of 20% on the marked price of his good...
Calculation:
Let's assume the marked price of the goods is 'M'.
The retailer offers a discount of 20%, which means the selling price is 80% of the marked price.
Since the retailer sells at cost price, the selling price is equal to the cost price.
Therefore, the selling price is 80% of the marked price, which can be written as:
80/100 * M = M
Simplifying:
80M/100 = M
80M = 100M
100M - 80M = 0
20M = 0
M = 0
Explanation:
It seems that there is an error in the given information. The marked price cannot be zero. Without a valid marked price, it is not possible to calculate the percentage markup. Hence, none of the options (a) 20, (b) 25, (c) 30, or (d) 40 can be considered as the correct answer.
However, if we assume that the marked price is non-zero, we can calculate the percentage markup. Let's consider the case with a marked price of 'M' and a selling price of 'S', where the retailer offers a discount of 20%.
The selling price is given by:
S = M - (20/100) * M
S = M - 0.2M
S = 0.8M
Since the selling price is equal to the cost price:
S = CP
0.8M = CP
The percentage markup can be calculated as:
Markup % = (S - CP) / CP * 100
Markup % = (0.8M - 0.8M) / 0.8M * 100
Markup % = 0 / 0.8M * 100
Markup % = 0
In this case, the percentage markup is zero. However, it is important to note that this calculation assumes a non-zero marked price and does not match any of the given options.
Therefore, the correct answer cannot be determined based on the given information.
Let's assume the marked price of the goods is 'M'.
The retailer offers a discount of 20%, which means the selling price is 80% of the marked price.
Since the retailer sells at cost price, the selling price is equal to the cost price.
Therefore, the selling price is 80% of the marked price, which can be written as:
80/100 * M = M
Simplifying:
80M/100 = M
80M = 100M
100M - 80M = 0
20M = 0
M = 0
Explanation:
It seems that there is an error in the given information. The marked price cannot be zero. Without a valid marked price, it is not possible to calculate the percentage markup. Hence, none of the options (a) 20, (b) 25, (c) 30, or (d) 40 can be considered as the correct answer.
However, if we assume that the marked price is non-zero, we can calculate the percentage markup. Let's consider the case with a marked price of 'M' and a selling price of 'S', where the retailer offers a discount of 20%.
The selling price is given by:
S = M - (20/100) * M
S = M - 0.2M
S = 0.8M
Since the selling price is equal to the cost price:
S = CP
0.8M = CP
The percentage markup can be calculated as:
Markup % = (S - CP) / CP * 100
Markup % = (0.8M - 0.8M) / 0.8M * 100
Markup % = 0 / 0.8M * 100
Markup % = 0
In this case, the percentage markup is zero. However, it is important to note that this calculation assumes a non-zero marked price and does not match any of the given options.
Therefore, the correct answer cannot be determined based on the given information.
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If a retailer offers a discount of 20% on the marked price of his goods and thus ends up selling at cost price, what was the % marks up?(a)20(b)25(c)30(d)40?
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If a retailer offers a discount of 20% on the marked price of his goods and thus ends up selling at cost price, what was the % marks up?(a)20(b)25(c)30(d)40? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about If a retailer offers a discount of 20% on the marked price of his goods and thus ends up selling at cost price, what was the % marks up?(a)20(b)25(c)30(d)40? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a retailer offers a discount of 20% on the marked price of his goods and thus ends up selling at cost price, what was the % marks up?(a)20(b)25(c)30(d)40?.
If a retailer offers a discount of 20% on the marked price of his goods and thus ends up selling at cost price, what was the % marks up?(a)20(b)25(c)30(d)40? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about If a retailer offers a discount of 20% on the marked price of his goods and thus ends up selling at cost price, what was the % marks up?(a)20(b)25(c)30(d)40? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a retailer offers a discount of 20% on the marked price of his goods and thus ends up selling at cost price, what was the % marks up?(a)20(b)25(c)30(d)40?.
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