At a store, they cut the price 40% for a particular item. By what percent must the item be increased if you wanted to sell it at the original price?
Maths / IQ Past Papers MCQs — Multiple-choice practice
- A. 54.5%
- B. 30.33%
- C. None of these
- D. 66.67%
Correct answer
66.67%
Explanation
Explanation Let's say the original price is 100. After a 40% discount, the price becomes: 100 - 40 = 60 To get back to the original price (100), the price needs to be increased by: 100 - 60 = 40 The percentage increase is: (40 / 60) * 100 = 66.67%
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