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    Question

    An article is marked up by 20%. The marked price of the

    article is Rs. 120. Find the discount (in %) given on the article such that the difference between the cost price and selling price of the article is Rs. 4.
    A 20 Correct Answer Incorrect Answer
    B 10 Correct Answer Incorrect Answer
    C 40/3 Correct Answer Incorrect Answer
    D Both 1 and 3 Correct Answer Incorrect Answer
    E Both 1 and 2 Correct Answer Incorrect Answer

    Solution

    Marked price = Rs. 120
    Cost price = 5/6 x 120 = Rs. 100
    Difference between cost price and selling price = Rs. 4
    Therefore, selling price = Rs. 104 or Rs. 96
    Case 1: selling price = Rs.104
    Discount % = (120-104)/120 x 100 = (40/3) %
    Case 2: selling price = Rs. 96
    Discount % = (120-96)/120 x 100 = 20%

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