Multiple choice

Selling price and cost price of an article are Rs 3,960 and Rs 3,600 respectively. If 12% discount is given, then what is the percentage mark up?

  1. 25

  2. 30

  3. 35

  4. 20
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Selling price is 3960 after a 12% discount on marked price (MP). So, 0.88 * MP = 3960, which means MP = 4500. The markup is the difference between MP and cost price (3600), which is 900. Markup percentage = (900 / 3600) * 100 = 25%.

AI explanation

Given the selling price after a 12 percent discount is Rs. 3,960, the marked price is calculated as 3960 / 0.88, which equals Rs. 4,500. The markup amount is the marked price minus the cost price: 4500 - 3600 = Rs. 900. Using the markup percentage formula, (Markup / Cost Price) x 100, we get (900 / 3600) x 100 = 25.

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