sukhman wrote:A trader marks his goods at a certain percentage over his cost price and then gives a 30 % discount , thereby making 5% profit . What is mark up percentage ?
a) 60 b)65 c)55 d) 50 E)45
Let the cost price = 100.
We can PLUG IN THE ANSWERS, which represent the mark-up.
When the regular selling price is discounted by 30%, the result will be a discounted selling price of $105 -- the price required to yield a profit of 5%.
D: 50%
Regular selling price = 100 + (50% of 100) = 100+50 = 150.
Price with a 30% discount = 150 - (30% of 150) = 150-45 = 105.
Success!
The correct answer is
D.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.
As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.
For more information, please email me (Mitch Hunt) at
[email protected].
Student Review #1
Student Review #2
Student Review #3
