What should be the minimun mark up percentage such that after giving the discount of 200/3% ., there...
What should be the minimun mark up percentage such that after giving the discount of 200/3% ., there will neither a loss nor a profit ?
Answer/Solution
neither gain nor loss
Steps/Work
Let CP = 100.
Discount = 200/3%.
Let 200% was the mark up.
MP = 100 + 200% of 100 = 300.
Now, after discount
300 - (200/3)% of 300
= 300 - 200 = 100.
So, in transaction neither gain nor loss occurs.
ANSWER - OPTION C
Discount = 200/3%.
Let 200% was the mark up.
MP = 100 + 200% of 100 = 300.
Now, after discount
300 - (200/3)% of 300
= 300 - 200 = 100.
So, in transaction neither gain nor loss occurs.
ANSWER - OPTION C