A merchant allows 5% discount on the marked price of an article to his – McqOptions

MCQOPTIONS

1.

A merchant allows 5% discount on the marked price of an article to his customers. What price should he mark on an article the cost price of which is 712.50, so as to make a clear
profit of 33 1 % on his outlay ?
3

A.

1000

B.

1200

C.

980

D.

960

Answer» B. 1200

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