Question 9

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%?

Solution

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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