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Question : The marked price of an article is twice the cost price. For a gain of 30%, what should be the discount percentage?

Option 1: 30%

Option 2: 35%

Option 3: 25%

Option 4: 40%


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 16th Jan, 2024

Correct Answer: 35%


Solution : Let the cost price be Rs. 100.
The selling price when profit is 30% = 100 + 30% of 100 = Rs. 130
The marked price is twice the cost price = Rs. 200
Discount = 200 – 130 = Rs 70
Discount percentage = $\frac{\text{Discount} }{\text{Marked price}}\times 100$
= $\frac{70 }{200}\times 100 = 35$%
Hence, the correct answer is 35%.

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