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# By how much a trader mark his goods up if he has to make a

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Director
Joined: 16 Jun 2004
Posts: 893
Followers: 2

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By how much a trader mark his goods up if he has to make a [#permalink]  09 Sep 2004, 00:21
By how much a trader mark his goods up if he has to make a profit of 20% after providing for a discount of 25% on his selling price?

A. 50%
B. 40%
C. 30%
D. 60%
E. 45%
GMAT Club Legend
Joined: 07 Jul 2004
Posts: 5078
Location: Singapore
Followers: 22

Kudos [?]: 184 [0], given: 0

Let original price be \$100

(0.75SP - 100)/100 * 100% = 20%
0.75SP - 100 = 20
0.75SP = 120
SP = 160

So goods are marked up by 60 dollars, which is 60/100*100 = 60%
Manager
Joined: 28 Jul 2004
Posts: 54
Followers: 1

Kudos [?]: 0 [0], given: 0

ITS D

i got it in this way

if price after discount is 100

so therefore original SP = 133.33

20 % more on 133.33 = 160
_________________

Jim

Director
Joined: 31 Aug 2004
Posts: 606
Followers: 3

Kudos [?]: 43 [0], given: 0

D too

(1-0.25)(1+X)=1,2, then X= 60%
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