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CAT 1997 | Question: 110

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1 Answer

1 1 vote
11.11% = 1/9

14.28% = 1/7

Let us suppose that markup price is 9x. After discount, SP becomes 8x

It is given that after making the discount, the trader makes gain of 14.28%. So, the CP becomes 7x

Thus, he mark his goods 2/7 i.e. 28.56% above CP

Hence, answer is option A
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