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A suit was listed at Rs. 360 but was sold for Rs. 288. If 4% loss is incurred by the trader, then the percent did he mark up the suit on the cost is

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$16 %$

$20 %$

$25 %$

$24 %$

answer is A.

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Detailed Solution

$D % = \frac{D}{M.P} \times 100$

$D % = \frac{M.P - S.P}{M.P} \times 100$

$D % = \frac{360 - 288}{360} \times 100$

$= \frac{72}{360} \times 100$

$D % = 20 %$

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