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A merchant marks the price of an article 35% above its
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25 Jan 2022, 10:13
25 Jan 2022, 10:13
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Question Stats:
100% (01:09) correct
0% (00:00) wrong based on 8 sessions
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A merchant marks the price of an article 35% above its actual cost and then offers some discount on the marked price to gain a profit of 20%. What percentage is the selling price of the article less than the marked price?
A. 10%
B. 11.11%
C. 15%
D. 22.22%
E. 25%
Posted from my mobile device
A. 10%
B. 11.11%
C. 15%
D. 22.22%
E. 25%
Posted from my mobile device
Re: A merchant marks the price of an article 35% above its
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25 Jan 2022, 10:46
25 Jan 2022, 10:46
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This is a % change in disguise
Suppose the starting price is 100
market price is 135
You must sell the item for 120 to have a 20% profit
135-120/135= 11.11%
Suppose the starting price is 100
market price is 135
You must sell the item for 120 to have a 20% profit
135-120/135= 11.11%
gmatclubot
Re: A merchant marks the price of an article 35% above its [#permalink]
25 Jan 2022, 10:46
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