By what percentage above the cost price ,a fan should be sold if a shopkeeper wants to make a profit of Tk. 500 and the marked price of the article is TK. 6000 which is 50% above the cost price ?

By what percentage above the cost price ,a fan should be sold if a shopkeeper wants to make a profit of Tk. 500 and the marked price of the article is TK. 6000 which is 50% above the cost price ? Correct Answer 12.5%

Solution: ATQ, 150% = 6000 ∴100% = (6000/150)/100 = 4000 (Cost Price) Profit Percentage = (500/4000)×100 = 12.5% 
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