A tradesman gives 4% discount on the marked price and gives 1 article free for buying every 15 articles and thus gains 35%. The marked price is increased above the cost price by: MCQ with Answer and Explanation
A tradesman gives 4% discount on the marked price and gives 1 article free for buying every 15 articles and thus gains 35%. The marked price is increased above the cost price by:
A. 40%
B. 65%
C. 50%
D. 60%
Answer: Option C
Solution (By JKSSB Mock Tests)
Let MP of 1 article = 100. Customer gets 16 articles but pays for 15. Total paid = 15 * 96 (4% discount) = 1440. Total CP of 16 articles = 16x. SP = 1440. Profit = 35%. 1.35 * 16x = 1440. 21.6x = 1440. x = 1440 / 21.6 = 66.66. MP is 100. Increase % = ((100 - 66.66) / 66.66) * 100 = 50%.
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