Question 101
The cost price of a toy is Rs . 225. The marked price is twice of the cost price. What will be the discount offered to get profit of 56% on the sale of the toy?
Solution
CP = Rs. 225
MP = 2*225 = Rs. 450
Now, to get a profit of 56%, the toy must be sold for 156% of its cost price:
Hence, SP = 225*1.56 = Rs. 351
Discount = MP - SP
Discount = Rs. 450 - Rs. 351 = Rs. 99
Discount % = $$\dfrac{99}{450}\times100=22\%$$
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