An article is marked at a price which is 1.2 times its cost price. After allowing a certain discount on the marked price, the profit reduces to 10%. The discount percent is:
Let cost price = Rs. 100Â
So, marked price= 1.2 x 100= Rs.120
So profit = Rs.110.
Sp after discount= 120 - 110 = 10.
Discount percent= 10/120 *100= 100/12= 8 (1/3).
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