Multiple choice

A shopkeeper increases the price of an item by 30% over the cost price. Later, he provides a discount and sells it at a profit of 12%. What is the approximate discount percentage?

  1. 12%

  2. 14%

  3. 15%

  4. 18%

  5. 20%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP = 100. Marked Price = 130. Profit = 12%, so SP = 112. Discount = MP - SP = 130 - 112 = 18. Discount % = (18 / 130) * 100 approx 13.84%.

AI explanation

Let the cost price be 100, making the initial marked price 130. The item is sold at a 12% profit for a selling price of 112. The discount is 130 - 112 = 18, so the discount percentage is (18 / 130) * 100, which equals 13.8%. The result is 14%.

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