Multiple choice

The marked price of an article is 40% higher than its cost price. Then the rate of discount such that he gains 12% profit is- एक वस्तु का अंकित मूल्य इसके क्रय मूल्य से 40% अधिक है। छूट की दर है जिससे कि वह 12% का लाभ प्राप्त कर सके-

  1. 15%

  2. 18%

  3. 20%

  4. 21%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP = 100. MP is 40% higher, so MP = 140. For 12% profit, SP = 112. Discount = (MP - SP)/MP × 100 = (140 - 112)/140 × 100 = 28/140 × 100 = 20%. Option A (15%) would give SP = 119, profit = 19%. Option B (18%) would give SP = 114.8, profit = 14.8%. Option D (21%) would give SP = 110.6, profit = 10.6%.

Keep practicing — related questions