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Question : Sneha fixes the marked price of an item 40% above its cost price. What is the percentage of discount allowed to gain 12%?

Option 1: 34%

Option 2: 40%

Option 3: 20%

Option 4: 25%


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer: 20%


Solution : Let the cost price be Rs. 100.
So, marked price = Rs. 140
Profit = 12% of cost price
Selling price = cost price + profit = 100 + 12% of Rs. 100 = Rs. 112
Discount = marked price – selling price = Rs. 140 - Rs. 112 = Rs. 28
$\therefore$ Discount % = $(\frac{\text{Discount}}{\text{Marked price}})\times100=(\frac{28}{140}) × 100= 20\%$
Hence, the correct answer is 20%.

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