A merchant adds a 5% markup on all his products. How much will an umbrella be sold if it costs the merchant Php300?
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A merchant adds a 5% markup on all his products. How much will an umbrella be sold if it costs the merchant Php300?
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The Answer is ₹ 333.33
350 = 105% of CP
350 = 105/100 X CP
CP = 350 X 100/150
CP = 333.33 !