| | Question 27

A shopkeeper allows a discount of 22% on the marked price. How much above the cost price must he mark his goods as to gain 17%?
(A) 25%
(B) 40%
(C) 50%
(D) 60%

Answer: (C)
Explanation: Acc. to question

     CP                MP
100 - discount  :  100 + profit
  100 - 22      :   100 + 17
    78          :     117
    2           :      3

3-2 = 1
Raised% = 1/2 x 100
= 50%
Hence, he has to mark his goods 50% above of CP.
Quiz of this Question
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