Question : If a retailer offers a discount of 32% on the marked price of his goods and thus ends up selling at cost price, what was the percentage markup price?
Option 1: 24%
Option 2: 47.05%
Option 3: 22.34%
Option 4: 32%
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: 47.05%
Solution :
Let Rs. 100 be the marked price.
Discount = 32%
Selling price = 100 – 32 = Rs. 68
Here, cost price = selling price = Rs. 68
Marked up% = $\frac{32}{68}×100$
= $\frac{800}{17}$
= 47.05%
Hence, the correct answer is 47.05%.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Get Updates BrochureYour Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.