Mathematics · Profit and Loss
A trader marks his goods at a certain price and offers a 10% discount on it. In addition, he runs a scheme where for every 104 articles purchased, 16 articles are given free. If he still makes a profit of 17% on the overall transaction, by what percentage is the marked price of an article more than its cost price? (Assume the customer pays for only 104 articles.)
- 153%
- 244%
- 350%✓
- 460%
Correct answer
50%
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