Mathematics · Profit and Loss
A trader marks an article at a certain price and offers a 20% discount on it. Additionally, for every 120 articles purchased, he gives 3 more articles free of cost. If his overall profit on the transaction is 28%, find the percentage by which the marked price of an article exceeds its cost price. Assume the customer pays for only 120 articles.
- 164%✓
- 260%
- 372%
- 468%
Correct answer
64%
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