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What is the maximum percentage discount that a shopkeeper can offer on his marked price so that he ends up selling at no profit or loss, if he had initially marked his goods up by 40%?
- A20%
- B23.5%
- C28.5%
- D34.5%
Answer not set
Discussion 1
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CCommunity
Let the cost price of the goods to be Rs. 100
He had initially marked his goods up by 40%.
∴ After40% mark-up,
⇒ MP = Rs. 100 + 40% of Rs. 100
⇒ Rs.100 + Rs. 40 = Rs. 140
So,He offers a discount of Rs. 40 on his MP of Rs. 140
∴ The % discount offered by him = (Discount)/(Marked Price) × 100
⇒ (40/140) × 100 = 28.5%
∴ The % discount offered by him is 28.5%
He had initially marked his goods up by 40%.
∴ After40% mark-up,
⇒ MP = Rs. 100 + 40% of Rs. 100
⇒ Rs.100 + Rs. 40 = Rs. 140
So,He offers a discount of Rs. 40 on his MP of Rs. 140
∴ The % discount offered by him = (Discount)/(Marked Price) × 100
⇒ (40/140) × 100 = 28.5%
∴ The % discount offered by him is 28.5%