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merchant offers

by sanju09 » Tue Mar 09, 2010 5:05 am
If a merchant offers a discount of 40 percent on the marked price of his goods and thus ends up selling at cost price, what was the percent mark up?
(A) 28
(B) 40
(C) 58 1/3
(D) 66 2/3
(E) 72
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by firdaus117 » Tue Mar 09, 2010 5:10 am
Let MP be 100.Then after discount,CP=60
Mark up percent= 40/60=2/3=66 2/3 %
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