AP ICET 2nd May 2018 Shift-2

Question 93

The cost price of anarticle is Rs 800/-. Its marked price is Rs 1000/-. The shopkeeper has announced a discount because of which he incurs a loss of 10%. The discount percentage is

Solution

After the discount, the loss incurred is = 10% i.e. 10% of 800 = 80 rupees
Hence, the product is sold for 800-80 = 720 rupees

The marked price of article was Rs. 1000 on which the discount D% was given
The actual selling price Rs. 720 is = (720/1000) = 72% of the marked price
This means, the discount percentage D = 100-72 = 28%


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