Multiple choice

After giving a discount of 30%, an article was sold at Rs.2,800. If the shopkeeper still made a profit of 40%, find the markup percentage?

  1. 80%

  2. 75%

  3. 100%

  4. 120%

  5. None
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Selling price = 2800 after 30% discount, so Marked Price = 2800 / 0.7 = 4000. Profit is 40% on Cost Price, so 1.4 * CP = 2800, meaning CP = 2000. Markup is (4000 - 2000) / 2000 = 100%.

AI explanation

Using the cost price formula CP = (SP × 100) / (100 + P), the cost price is (2800 × 100) / 140 = 2000. The marked price is found using MP = (SP × 100) / (100 - D), yielding (2800 × 100) / 70 = 4000. The markup percentage is ((4000 - 2000) / 2000) × 100 = 100%.

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