QA – Placement Quizzes | Profit and Loss | Question 6

For a shirt cost price is Rs. 400. Shopkeeper prints a tag on it with Markup% = 20% to earn a profit of 7.5%. What is markup?

(A) 60
(B) 40
(C) 80
(D) 100


Answer: (C)

Explanation: Markup :is the addon price to the cost price. MP = CP+ Markup

Markup = 20% o CP = .20 * 400 = 80

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