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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: 891

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

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09 Sep 2004, 01:21
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

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%

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GMAT Club Legend
Joined: 07 Jul 2004
Posts: 5032

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Location: Singapore

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09 Sep 2004, 01:48
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%

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Manager
Joined: 28 Jul 2004
Posts: 54

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10 Sep 2004, 04:48
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
_________________

Jim

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Director
Joined: 31 Aug 2004
Posts: 606

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10 Sep 2004, 07:44
D too

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

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10 Sep 2004, 07:44
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# By how much a trader mark his goods up if he has to make a

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