Question

If the discount amount given in an item is 25% of its selling price,then the actual rate of discount is
a)50/3%
b)20%
c025%

otherwise reported ​

Answer 1

Answer:

Let x be the cost price.

Then the sale price = x * 116.6/100

Let the marked price be y.

Then the discounted price = y * 75/100

Now, 0.75y = 1.166x

y = 1.166/0.75 * x = 1.5547x

Hence the marked price was kept, 55.47 % more than cost price.