A) 36.32%
B) 39.25%
C) 33.93%
D) 37.93%
E) None of these
Correct Answer: D
Solution :
Let the marked price be\[Rs.\,\,100\]. Then\[SP=Rs.\,\,87\] \[\therefore \]\[CP=\frac{87}{120}\times 100=Rs.\,\,72.50\] \[\therefore \]Difference between MP and CP \[=100-72.5=Rs.\,\,27.5\] Required\[%=\frac{27.5}{72.5}\times 100=37.93%\] Another Method: Let CP = 100 SP = 120 MP\[=120\left( \frac{100}{89} \right)=137.93\] \[\Rightarrow \]He must mark \[137.93-100=37.93%\] above the cost price.You need to login to perform this action.
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