By how much percentage above the cost price should an article be marked up for sale so that after allowing two successive discounts of 20% and 6.25% on it, a net gain of 20% is made on the cost?

By how much percentage above the cost price should an article be marke

1.	By how much percentage above the cost price should an article be marked up for sale so that after allowing two successive discounts of 20% and 6.25% on it, a net gain of 20% is made on the cost?
A.	\(46\frac{1}{4}{\rm{\% }}\)
B.	60%
C.	\(66\frac{2}{3}{\rm{\% }}\)
D.	50%
Answer» C. \(66\frac{2}{3}{\rm{\% }}\)

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By how much percentage above the cost price should an article be marked up for sale so that after allowing two successive discounts of 20% and 6.25% on it, a net gain of 20% is made on the cost?

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