Question

A dealer gives a discount of 7% on the marked price and gives 1 article free on every 25 articles purchased and thus earns a profit of 25%. Find the percentage increase in marked price over the cost price (up to two decimal places).

• A. 1.4%
• B. 38.87%
• C. 37.88%
• D. 39.78%

Answer 1

Answer: (D)