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Sanjukta

· started a discussion

· 1 Months ago

apti (Question: 332313.0 )

detail solution

Question:

XYZ send goods worth Rs.1,00,000 to Y on consignment basis at 20% above the cost price. The goods were sold by the consignee on a mark up of 15% on invoice price. Find the total mark up % over the cost of the goods:

Options:
A)

30% 

B)

38%

C)

35% 

D)

25%

Solution:

Ans: (b)

Knowledge Expert

· commented

· 1 Months ago

Dear Student,
CP of XYZ = 1,00,000 rs
When selling to Y , he added 20% i.e. 1,00,000+ 20% of 1,00,000
1,00,000+20,000= 1,20,000
Therefore SP of X= CP of Y= 1,20,000 RS
Y sold by marking up 15% on invoice price(1,20,000)
MP of Y= 1,20,000+ 15% of 1,20,000= 1,38,000 RS

Therefore total mark up % over cost price = { 1,38,000-1,00,000/1,00,000 }*100 %
= 38000*100/1,00,000 %
= 38 %
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