At what price an article should be marked above the cost price of Rs. 200, so that the seller gains 20% after giving a discount of 4%

Question

Question

This question was previously asked in

SSC GD Constable Memory Based Test (30 Jan 2023 Shift 1)

Answer 1

Given:

CP = Rs. 200

Gain % = 20%

Discount % = 4%

Formula Used:

\(\frac{MP}{CP} = [\frac{100+p\%}{100-d\%}]\)

Calculation:

\(\frac{MP}{CP} = [\frac{100+p\%}{100-d\%}]\)

⇒ \(\frac{MP}{200} = [\frac{100+20}{100-4}]\)

⇒ MP = 200\((\frac{120}{96})\)

⇒ MP = 50 × 5

⇒ MP = 250.

⇒ MP - CP = 250 - 200 = Rs. 50

∴ The article should be markup by Rs. 50 above cost price.