A dealer wants to mark the price of an article such that on offering a 5 %…
2023
A dealer wants to mark the price of an article such that on offering a 5 % discount, he is able to get 33 % profit. Find the percent of CP above which the article should be marked.
- A.
42 %
- B.
40 %
- C.
48 %
- D.
41 %
Attempted by 2 students.
Show answer & explanation
Correct answer: B
Let the cost price of the article be Rs. 100
=> Selling price of the article = Rs. 100 + 33% of CP = Rs. 133
Let the marked price be Rs. M
=> Selling price = Marked Price – Discount
=> 133 = M – 0.05 M
=> 133 = 0.95 M
=> M = 140
=> M – CP = 140 – 100 = 40
Therefore, percent of CP above which the article should be marked = (40 / 100) x 100 = 40 %