Question : The marked price of an article is INR 10,927. Due to the festive season, a certain percentage of discount is declared. Raju buys an article at a reduced price and sells it at INR 10927, and makes a profit of 11.5%. What was the percentage discount offered?
Option 1: 10.3%
Option 2: 11.3%
Option 3: 11.5%
Option 4: 10.9%
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
Correct Answer: 10.3%
Solution :
The marked price of the article = 10927
The selling price of the article for Raju = 10927
Profit percentage = 11.5%
We know that,
Cost price = $\frac{\text {Selling price}}{1 + \frac{\text{Profit}}{100}}$
= $\frac{10927\times100}{111.5}=9800$
Required discount = $\frac{\text{Marked price – Cost price}}{\text{Mark price}} \times 100$
= $\frac{10927-9800}{10927} \times 100$
= $\frac{1127}{10927} \times 100=10.31$
Hence, the correct answer is 10.3%.
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Get Updates Brochure
Your Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.
