📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    The selling price of an article is 30% more than its

    cost price. Given that the ratio of the marked price to the cost price is 26:15, determine the approximate discount percentage applied to the article, rounded to two decimal places.
    A 21.50% Correct Answer Incorrect Answer
    B 17.58% Correct Answer Incorrect Answer
    C 10.55% Correct Answer Incorrect Answer
    D 19.19% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the selling price of the article be Rs. ‘100x’ So, cost price of the article = 100x × 0.7 = Rs. ‘70x’ So marked price of the article = 70x × (26/15) = Rs. (364x/3) So, required percentage = [{(364x/3) – 100x}/(364x/3)] × 100 ~ 17.58%

    Practice Next
    More Profit and loss Questions
    ask-question