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

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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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