The marked price of an article is ₹882. It is sold for ₹806.40. If there is a loss of 4%, then by what percent above the cost was the article marked?

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MP of the article = 882 SP of the article = 806.40 Loss = 4% CP of the article = 806.40 × \(\frac{100}{96}\) =  840 Required percentage = \(\frac{(882 – 840)}{840}\) × 100 = 5%