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.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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