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A product was offered discount only when profit was made on another product. It is known that the Cost Price for both the products is the same. 10% discount was offered on product A while a total of 30% profit was earned on both the products. The MP:SP:CP of product B = 5:3:2.
Calculate the total % markup over CP?
  • a)
    50%
  • b)
    60%
  • c)
    76%
  • d)
    85%
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A product was offered discount only when profit was made on another p...
Let the MP, SP and CP of the second product be 5x, 3x and 2x respectively.
It is given cost price for both the products is same. Hence CP of product A = 2x
Total CP = 4x. Profit earned is 30%. Total SP = 1.3× 4x = 5.2x
Given that SP of product B is 3x
SP of product A will be 5.2x - 3x = 2.2 x
This SP was after 10% discount. Thus MP of product A = 2.4x
Total MP = 5x + 2.4x = 7.4x
Total CP = 4x
Hence, the correct option is (d).
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A product was offered discount only when profit was made on another product. It is known that the Cost Price for both the products is the same. 10% discount was offered on product A while a total of 30% profit was earned on both the products. The MP:SP:CP of product B = 5:3:2.Calculate the total % markup over CP?a)50%b)60%c)76%d)85%Correct answer is option 'D'. Can you explain this answer?
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