Question 93
A sales man writes the price of each article he sells as 50% above the cost price. He allows some discount and makes a profit of 20% still. The rate of discount is
Solution
Let CP = 100 Rs
According to the problem,
MP = $$\frac{150}{100}\times100$$ = Rs 150
Profit% = 20%
SP = $$\frac{120}{100}\times100$$ = Rs 120
Discount = 150 - 120 = Rs 30
Discount% = $$\frac{30}{150}\times100$$ = 20%
Hence, the correct answer is Option A
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