Multiple choice

An artical of cost price Rs. 8000 is marked at Rs. 11,200. After allowed a discount of x% a profit of 12% is made the value of x% is -

  1. 21%

  2. 20%

  3. 22%

  4. 23%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cost Price = Rs. 8000, Marked Price = Rs. 11200. A profit of 12% means Selling Price = 8000 × 1.12 = Rs. 8960. The discount amount is 11200 - 8960 = Rs. 2240. Discount percentage = (2240/11200) × 100 = 20%. So the discount allowed is 20%.

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