A toy costs a shopkeeper ₹600 and he puts a price tag of ₹840 on it. By what percentage is the tag above the cost price?

24%Correct answerYour answer

28\frac{4}{7}\%

Correct answerYour answer40%Correct answerYour answer140%Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Worth noting

Markup is measured on the cost price. $\frac{240}{840} = 28\frac{4}{7}\%$ uses the wrong base. 140% is the tag as a percentage of cost.

Ten questions from Profit, Loss & Discount, at your own pace.

Ten questions from Profit, Loss & Discount, at your own pace.

Explanation