Question
Download Solution PDFThe marked price of a bed is ₹517, which is 30% above the cost price. If the profit percent is 2%. Find the discount percentage. (rounded off to two decimal places)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked Price (MP) = ₹517
Mark-up = 30% on CP
Profit = 2% on CP
Formula used:
MP = CP × 1.30
SP = CP × 1.02
Discount % = ((MP - SP) / MP) × 100
Calculations:
⇒ CP = 517 / 1.30
⇒ SP = (517 / 1.30) × 1.02 = ₹405.64
⇒ Discount % = ((517 - 405.64) / 517) × 100
⇒ Discount % = 21.54%
The correct answer is Option (1).
Last updated on Jul 17, 2025
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