Question

Item A was sold at 60% profit. If it was marked 100% above its cost price, what was the percentage
discount offered?
Select one
0 25
020
W
0 17.5
0 12.5​

Answer 1

Let, the cost price of item = Rs. 100

Then, its market price will be : 100 × (100+100)/100 = Rs. 200

And its selling price = 100 × (100+60)/100 = Rs. 160

Now, Discount = (M.P.- S.P. )/M.P. × 100

=> Discount = (200 - 160)/200 × 100 = 40/200 × 100

=> Discount = 20%

So, Option (b) is correct ✔✔

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