Professor

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:

- 21%
- 18%
- 20%
- 15%

Asked by Monis Rasool on 28th August 2015 in Maths.

1 Answers

Professor

**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%.

Answered by Anurag Mishra on 1st September 2015..