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If a marchent offers discount of 40% on the marked price of goods and ends up selling the goods at cost price, What was the mark up ?
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A
66.66%
💡 Explanation:
Let CP = cost price. MP = CP × (1 + markup). After 40% discount: SP = MP × 0.6 = CP. So (1 + markup) × 0.6 = 1, giving markup = 66.66%.