A dealer offers a cash discount of 16% and still makes a profit of 25% when he further allows 60 articles to be sold at the cost price of 50 articles to a particular sticky bargainer. How much percent above the cost price were his articles listed? Select: A) 50% B) 60% C) 70% D) 75% E) 78+(4/7)%
Given   Cash Discount - 16%   Profit - 25%   Items Sold - 60   Price Sold at = List Price of 50   Assume List price = $10   Total Invoice = $500   -16% Cash Discount = $420   Let cost price of 60 items be x   So total cost = 60*x   Given the shopkeeper had a profit of 25%   60 * x * 125/100 = 420   or x = $7*4/5=$28/5   Which means his products were listed at $10 which is a 78+(4/7)% markup over $28/5   Answer 78+(4/7)%
<result>E</result>
A dealer offers a cash discount of 16% and still makes a profit of 25% when he further allows 60 articles to be sold at the cost price of 50 articles to a particular sticky bargainer. How much percent above the cost price were his articles listed?