Profit & Loss Mcqs

Q.  At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 25% on the cost price?

a. Rs.62.50
b. Rs.72.50
c. Rs.75.00
d. Rs.80.00


ANSWER: See Answer
 
CP = 47.50

SP = 47.50*(125/100) = 59.375

MP*(95/100) = 59.375

MP = 62.5
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