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At what percent above the cost price must an article be marked so that the seller gains 33% after allowing the customer a discount of 5% ?
  • a)
    48%
  • b)
    43%
  • c)
    40%
  • d)
    38%
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
At what percent above the cost price must an article be marked so tha...
Let the marked price be ₹x
Let the Cost price be ₹y
Selling Price = x - 5% of x
x = 95x/100 = 19x/20
y + 33% of y = 19x/20
7y = 5x
x = 7/5 y = y + 2/5 y = y + 40% of y
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At what percent above the cost price must an article be marked so that the seller gains 33% after allowing the customer a discount of 5% ?a)48%b)43%c)40%d)38%Correct answer is option 'C'. Can you explain this answer?
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