Question

What should be the minimum mark up percentage such that after giving the discount of $\frac{200}{3}\%$, there will neither a loss nor a profit ?

• A. $133.3\%$
• B. $100\%$
• C. $150\%$
• D. $200\%$
• E. $300\%$

Answer 1

The correct option is D $200\%$

Let CP $=$ $100$
Discount $=$ $\frac{200}{3}$%
Let $200$ $\%$ was the mark up.
MP $=$ $100+200$% of $100$

$\Rightarrow 100+200=300$
Now, after discount
$300-\frac{200}{3}$% of $300$
$=$ $300-200=100$
So, in transaction neither gain nor loss occurs.