A trader keeps the marked price of an item 75% above its cost price. The percentage of discount allo

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09 Mar 2018 Discount

A trader keeps the marked price of an item 75% above its cost price. The percentage of discount allowed to gain 55% is

OPtion

1) 12.43
2) 11.43
3) 11.13
4) 12.13
5) 11.55
6) 12.55
7) 11.63
8) 12.63
9) 12.75
10) None of these

Solution

Let the CP be 100
then MP = 175
Final SP with Discount = 155

Discount % = (20/175)*100 = 11.43%

Correct Option: 2 Best Solution (0)