Multiple choice

A shopkeeper buys a book for Rs. 2500 and marks its price at 15% above cost. He allows a discount of Rs. 345. The discount percentage is:

  1. 10

  2. 12

  3. 11

  4. 13
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The marked price is 2500 * 1.15 = 2875. The discount is 345. The discount percentage is (345 / 2875) * 100 = 12%.

AI explanation

The shopkeeper marks the book at 15 percent above its cost price of Rs. 2500, so the marked price is 2500 plus 15 percent of 2500, which is Rs. 2875. He allows a discount of Rs. 345 on this marked price. The discount percentage is 345 divided by 2875 multiplied by 100, which equals 12 percent.

Keep practicing — related questions