Question : The cost of manufacturing a tape recorder is Rs. 1500. The manufacturer fixes the marked price 20% above the cost of manufacture and allows a discount in such a way as to get a profit of 8%. The rate of discount is:
Option 1: 12%
Option 2:
8%
Option 3:
20%
Option 4:
10%
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Correct Answer:
10%
Solution :
The cost of manufacturing a tape recorder is Rs. 1500.
The manufacturer fixes the marked price at 20% above the cost of manufacture.
So, the marked price = $\frac{120}{100}$ × 1500 = Rs. 1800
Profit = 8%
So, the selling price = $\frac{108}{100}$ × 1500 = Rs. 1620
Discount = Marked price – Selling price = 1800 – 1620 = Rs. 180
Discount percentage = $\frac{180}{1800}$ × 100 = 10%
Hence, the correct answer is 10%.
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