Question : Sneha fixes the marked price of an item 40% above its cost price. What is the percentage of discount allowed to gain 12%?
Option 1: 34%
Option 2: 40%
Option 3: 20%
Option 4: 25%
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Correct Answer: 20%
Solution : Let the cost price be Rs. 100. So, marked price = Rs. 140 Profit = 12% of cost price Selling price = cost price + profit = 100 + 12% of Rs. 100 = Rs. 112 Discount = marked price – selling price = Rs. 140 - Rs. 112 = Rs. 28 $\therefore$ Discount % = $(\frac{\text{Discount}}{\text{Marked price}})\times100=(\frac{28}{140}) × 100= 20\%$ Hence, the correct answer is 20%.
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Question : The marked price of an item is 25% more than that of its cost price. If a discount of 10% is given on the marked price, then the gain percentage is:
Option 1: $10 \frac{1}{2}$%
Option 2: $9 \frac{1}{2}$%
Option 3: $13 \frac{1}{2}$%
Option 4: $12 \frac{1}{2}$%
Question : The marked price of an article is $40$% more than its cost price. If a $20$% discount is given on the marked price, then what will be the profit percentage?
Option 1: $15$%
Option 2: $12$%
Option 3: $10$%
Option 4: $8$%
Question : A man offers a 40% discount on an item which has been marked 50% above the cost price. If the selling price of the item is INR 1,305, then the cost price is:
Option 1: INR 1,360
Option 2: INR 1,450
Option 3: INR 1,680
Option 4: INR 1,560
Question : The marked price of a school bag was INR 550. This price was 10% above the cost price. It was sold at a discount of 10% on the marked price. Find the gain or loss percentage.
Option 1: Loss 1%
Option 2: Loss 0.1%
Option 3: Gain 0.1%
Option 4: Gain 1%
Question : The marked price of the cupboard is INR 15,750, which is 50% above its cost price. It is sold at a discount of 40%. What is the profit/loss percentage?
Option 1: Profit, 10%
Option 2: Loss, 10%
Option 3: Loss, 20%
Option 4: Profit, 20%
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