The marked price of an article is 60% more than its cost price. What should be the discount (in %) offered by the shopkeeper so that he earns a profit of 12%?
Let cost price = Rs. $$100$$
=> Marked price = $$100+(\frac{60}{100}\times100)$$
= $$100+60=Rs.$$ $$160$$
Also, profit % = 12%
=> Selling price = $$100+(\frac{12}{100}\times100)$$
= $$100+12=Rs.$$ $$112$$
$$\therefore$$ Discount % = $$\frac{(160-112)}{160}\times100$$
= $$\frac{48}{1.6}=30\%$$
=> Ans - (C)
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