Answer:
33.33%
Step-by-step explanation:
We are told that the customer paid Rs. 2034 after getting 10% discount with 13% vat on marked price (m.p.)
hence:-
2034 = m.p. × 90/100 × 113/100
m.p = (2034 × 100 × 100)/(90 × 113)
m.p. = Rs.2000
Now, due to the fact that VAT (which in this question is given to be 13%) is not the profit of the retailer, thus the selling price (s.p.) of the bag would be given by;
s.p = m.p. × 90/100
s.p = 2000 × 90/100
s.p = Rs. 1800
We are told that the retailer made a profit of 20%
Thus:-
c.p. × 120/100 = s.p.
c.p.= s.p. × 100/120
c.p.= 1800 × 100/120
c.p. = Rs.1500
Therefore, the percentage with which he marked above the c.p is;
% mark up = (m.p - c.p)/c.p) × 100
Plugging in the relevant values, we have;
(2000 - 1500)/1500) × 100
(500/1500) × 100 = 33.33%
