Question

Marked price of an article is 20% above the CP. He allows his customers a discount and makes a profit of 8%. Find the rate of discount.

• A. 10 %
• B. 12 %
• C. 20 %
• D. 18 %

Answer 1

The correct option is A 10 %

Let
$CP=100$
$MP=120$
$Profit=8\%$
we have
$\frac{CP(100+g)}{100}=\frac{MP(100-d)}{100}$
$100\times (100+8)=120\times (100-d)$
$\therefore 100-d=\frac{100\times 108}{120}$
$d=100-90=10\%$