If a retailer offers a discount of 32 % on th | vedclass

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Question

(B) Let the marked price be $Rs. 100$.Since the retailer sells the goods at the cost price after a discount of $32 \%$,the selling price is $100 - 32

Vedclass · Accepted Answer

$47.05$

Vedclass · Answer

(B) Let the marked price be $Rs. 100$.Since the retailer sells the goods at the cost price after a discount of $32 \%$,the selling price is $100 - 32 = Rs. 68$.Therefore,the cost price is $Rs. 68$.The markup amount is the difference between the marked price and the cost price,which is $100 - 68 = Rs. 32$.The percentage markup is calculated as $\frac{	ext{Markup}}{	ext{Cost Price}} 	imes 100$.Percentage markup $= \frac{32}{68} 	imes 100 = \frac{8}{17} 	imes 100 \approx 47.05 \%$.

If a retailer offers a discount of $32 \%$ on the marked price of his goods and thus ends up selling at cost price,what was the percentage markup price?

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