XYZ send goods worth ` 1,00,000 to Y on consignment basis at 20% above the cost price. The goods are sold by the consignee on a mark of 15% on invoice price. Find the total mark up % over the cost price of the goods -

Question

Quizplus · Accepted Answer

The cost price of the goods is the base value. XYZ sends the goods at 20% above the cost price, making the invoice price 120% of the cost price. When Y marks up the goods by 15% on the invoice price, the final selling price becomes 115% of the invoice price. Therefore, the total markup over the cost price is 120% * 115% = 138% of the cost price, which means a 38% markup over the original cost price.

XYZ Send Goods Worth ` 1,00,000 to Y on Consignment