Quant Question Of The Day: 22
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Arithmetic
Ali sells 120 shirts at cost price of 130 shirts after giving a discount same as cost price of 26 shirts. By how much percent Ali has marked his prices up than cost price?
1. 30%
2. 20%
3. 12%
4. 26%
Let cost price, selling price and marked price of a shirt is CP, SP and MP respectively. Then it is given that
120SP = 130CP = 120MP – 26CP.
So 156CP = 120MP, i.e.CP/MP = 10/13
Hence his markup percentage is =(13 – 10)/10 = 30%.
Answer 1. 30%
30%
The answer is
1. 30%
30
30
30 %