Question

At what percent above the CP must an article be marked so as to gain 33% profit after giving a 5% discount?

• A. 70%
• B. 38%
• C. 45%
• D. 40%

Answer 1

The correct option is D 40%

After 5% discount $\to 95\%$ of marked price =133% of cost price
So, marked price $=\frac{133}{95}\times 100\%CP=140\%CP$
It must be marked 40% above the cost price.