The marked price of a cup is 20 more than its cost price What can be the maximum discount given whil...........

Quantitative Aptitude (MTS) Profit and loss

The marked price of a cup is 20% more than its cost price. What can be the maximum discount given while selling the cup so

that there is no loss incurred? [Give your answer correct to 2 decimal place.]

This questions was previously asked in

SSC MTS 20th July 2022 Shift-3

14.28%

14.4%

16.67%

20%

- The cost price (CP) of the cup can be represented as \( C \).

- The marked price (MP) is 20% more than the cost price, so it is \( C + 0.2C = 1.2C \).

- To ensure no loss is incurred, the selling price (SP) must at least be equal to the cost price, \( C \).

- The maximum discount that can be given is the difference between the marked price and the selling price.

- Compute the maximum discount: \( 1.2C - C = 0.2C \).

- Calculate the maximum discount percentage: \( \frac{0.2C}{1.2C} \times 100\% = 16.67\% \).

Correct Answer: 16.67%

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