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    Question

    Cost price of an article is Rs X and marked price is

    400% more than cost price. To gain profit of 100%, what percent of discount should be offered on this particular article.
    A 65% Correct Answer Incorrect Answer
    B 63% Correct Answer Incorrect Answer
    C 60% Correct Answer Incorrect Answer
    D 62% Correct Answer Incorrect Answer
    E 61% Correct Answer Incorrect Answer

    Solution

    CP = x MP = 5x SP = 2x D% = (5x – 2x)/5x × 100 = 60%

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