What will be the Percentage of Discount? If

If the cost price of an item 5/9 of its marked price and the profit is 20%, then the percentage of discount is:

  1. 199/3%
  2. 211/3%
  3. 100/3%
  4. 190/3%
Monis Rasool Professor Asked on 27th June 2015 in Maths.
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  • 1 Answer(s)

    Answer: (3) 100/3%
    Explanation:-
    Let be the Market price of an item = Rs.100
    Then, the Cost price of an item = 100 x 5/9 = 500/9
    Profit = 20%
    Then, selling price = 500/9 + 500 x 20 /9 x 100
    = 500/9 + 100/9 = 600/9
    The percentage of discount = 100 – 600/9
    = (900 – 600)/9
    = 300/9
    = 100/3%
    Hence, the answer is (3) 100/3%.

    Anurag Mishra Professor Answered on 14th July 2015.
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