Question

A shopkeeper buys an article for Rs. $450$. He marks it at $20\%$ above the cost price. The percentage discount given by him, if he sells the article for Rs. $496.80$, is:

• A. $8\%$
• B. $12\%$
• C. $16\%$
• D. $20\%$

Answer 1

The correct option is A $8\%$

According to the information given, Marked price will be $=C.P.+20$ $\%$ of $C.P.$

$=\frac{120}{100}\times C.P.$

$=\frac{120}{100}\times 450$

$=$ Rs. $540$

Discount $\%$ $=\frac{MarkedPrice-SellingPrice}{MarkedPrice}\times 100$

$=\frac{540-496.80}{540}\times 100$

$=\frac{43.2}{540}\times 100$

$=8$ $\%$