A toy costs $$ 20$ to the shopkeeper. If the mark-up is $30 %$ over cost price, then the toy can be bought for

$ 26

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$ 14

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$ 32

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Solution

The correct option is A $$ 26$
We know : $% markup = \frac{S P - M C}{M C} \times 100$

$\Rightarrow 30 % = \frac{S P - 20}{20} \times 100$

$\Rightarrow \frac{30}{100} \times 20 + 20 = S P$

$\Rightarrow S P = $ 26$
Selling price of the toy is $$ 26$

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A toy costs $20 to the shopkeeper. If the mark-up is 30% over cost price, then the toy can be bought for

The correct option is A $26We know : % markup=SP−MCMC×100 ⇒30%=SP−2020×100 ⇒30100×20+20=SP ⇒SP=$26 Selling price of the toy is $26

A toy costs $$ 20$ to the shopkeeper. If the mark-up is $30 %$ over cost price, then the toy can be bought for

The correct option is A $$ 26$
We know : $% markup = \frac{S P - M C}{M C} \times 100$

$\Rightarrow 30 % = \frac{S P - 20}{20} \times 100$

$\Rightarrow \frac{30}{100} \times 20 + 20 = S P$

$\Rightarrow S P = $ 26$
Selling price of the toy is $$ 26$