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

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Director
Director
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Joined: 16 Jun 2004
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By how much a trader mark his goods up if he has to make a [#permalink] New post 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
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Joined: 07 Jul 2004
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Location: Singapore
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 [#permalink] New post 09 Sep 2004, 00:48
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
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 [#permalink] New post 10 Sep 2004, 03:48
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
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Jim

Director
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Joined: 31 Aug 2004
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 [#permalink] New post 10 Sep 2004, 06:44
D too

(1-0.25)(1+X)=1,2, then X= 60%
  [#permalink] 10 Sep 2004, 06:44
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By how much a trader mark his goods up if he has to make a

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