Question : The marked price of an article is Rs. 400. It is sold for Rs. 300. If there is a loss of 15%, then by what percent above the cost is the article marked?
Option 1: 28.24%
Option 2: 13.33%
Option 3: 25.05%
Option 4: 35.25%
Correct Answer: 13.33%
Solution :
The marked price of an article is Rs. 400.
Selling price = Rs. 300.
Loss % = 15%
Cost price = $\frac{100}{85}×300=352.94$
Required percentage = $\frac{400-352.94}{352.94}×100=\frac{47.06}{352.94}×100=13.33$%
Hence, the correct answer is 13.33%.
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