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The marked price of an item is set at 51% above its cost price. If the merchant sells the item at 8% below the marked price, his profit percentage (rounded off to 1 decimal place) is:
38.9%
36.8%
42.4%
42.9%
38.9%
Practice and solve "The marked price of an item is set at 51% above its cost price. If the merchant sells the item at 8%..." for Mathematics - Previous Year Paper 2024. The correct answer is Option A: 38.9%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "The marked price of an item is set at 51% above its cost price. If the merchant sells the item at 8%..." for Mathematics - Previous Year Paper 2024. The correct answer is Option A: 38.9%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.