What is the Rate of Discount? If

The printed price of an article is 40% higher than its cost price. Then the rate of discount so that he gains 12% profit is:

  1. 21%
  2. 18%
  3. 20%
  4. 15%
Monis Rasool Professor Asked on 28th August 2015 in Maths.
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  • 1 Answer(s)

    Answer: (3) 20%

    Explanation:-
    Let the cost price of an article be Rs. 100.
    He get 12% profit,
    Then,  the selling price will be Rs.112
    He prints the price 40 % above,
    Then, the printed price = Rs. 140
    Then, the discount = 140 – 112
    = Rs. 28
    Discount % = 28 x 100/140
    = 20 %

    Hence, the answer is (3) 20%.

     

    Anurag Mishra Professor Answered on 1st September 2015.
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