By what percent should the cost price of an article be marked up such that even after allowing a discount of 50%, a profit of 50% is made? Let the Cost Price and Marked Price of the item be Rs. ‘X’ and ‘Y’ respectively. Thus, we get, Y — 50% of Y = X + 50% of X 0.5Y = 1.5X. or Y ÷ X = 1.5 ÷ 0.5 = 3.
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Step-by-step explanation:
Answer:
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Step-by-step explanation:
By what percent should the cost price of an article be marked up such that even after allowing a discount of 50%, a profit of 50% is made? Let the Cost Price and Marked Price of the item be Rs. ‘X’ and ‘Y’ respectively. Thus, we get, Y — 50% of Y = X + 50% of X 0.5Y = 1.5X. or Y ÷ X = 1.5 ÷ 0.5 = 3.