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%
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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%.
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