Question : After giving a discount of 20% on an article, a shopkeeper gains 20%. What is the percentage markup?
Option 1: 75%
Option 2: 68.67%
Option 3: 50%
Option 4: 33.33%
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Correct Answer: 50%
Solution : Let the cost price of the article be 100. Here, the profit is 20%. So, the selling price of the article = 120 Let the marked price of the article be $x$. According to the question, 80% of $x$ = 120 ⇒ $x$ = 150 So, the percentage mark-up $=\frac {150 – 100}{100} = 50$% Hence, the correct answer is 50%.
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