When a trader sold an article at a discount of 20% on the marked price. He offers an article for free on buying 9 articles. In the whole transaction, he gets a profit of 26 %. Find the percentage increase in marked price from the cost price.
Answer
Correct Answer : b ) 75%
Explanation :Let the cost price and marked price of the article be Rs. 100 and Rs. x respectively.
According to the question, trader gives 20 % discount on the marked price.
Cost price of 10 books = 100 * 10
Since, trader earn 26% profit in whole transaction.
Marked price of the article = Rs. 175
We assumed the cost price of article as Rs. 100
Therefore, 75% is increased in marked price from cost price.
Hence, (b) is the correct answer.
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