Multiple choice

Study the information given below and answer the question. An article was purchased for Rs 5,600. Its price was marked up by 12%. It was sold at 5% discount on the marked price. What was the amount of discount given?

  1. Rs 319.6

  2. Rs 303.6

  3. Rs 306.3

  4. Rs 313.6
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The marked price is 5600 * 1.12 = 6272. A 5% discount on 6272 is 6272 * 0.05 = 313.6.

AI explanation

The marked price is calculated by adding the 12% markup to the cost price, resulting in 5600 * 1.12 = Rs 6272. The amount of discount is 5% of this marked price. Calculating this gives 0.05 * 6272 = Rs 313.6.

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