Q121
A dealer offers a cash discount of 20% and still makes a profit of 20%. If he further sells 8 articles at a rate of 6 articles, then how much percentage above the cost price does he mark on each article?
A.
87.5%
B.
100%
AnswerC.
77.5%
D.
112.5%
Answer: Option B
Solution
Answer: Option B
Solution:
\begin{array}{*{20}{c}} {{\text{Cost price}}}&{{\text{Marked price}}} \\ {\frac{{80}}{8} = 10}&{\frac{{120}}{6} = 20} \end{array}
Above = 20 - 10 = 10
Above % = × 100 = 100%