A store purchased an article at a wholesale price of \(\$75\) and sold it at two successive discounts of \(20\%\) and

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A store purchased an article at a wholesale price of \(\$75\) and sold it at two successive discounts of \(20\%\) and \(16.67\%\) respectively, making a profit of \(33.3\%\) on the whole price of the article. The store sold another similar article at the same price, making a loss of \(33.3\%\) on the whole price. If the second article has a mark-up of \(200\%\) over its retail selling price, find by what percentage the mark-up price of the \(2nd\) article is more than that of the \(1st\) article?

A. 50
B. 75
C. 100
D. 125
E. 200

Answer: E

Source: e-GMAT
Source: — Problem Solving |