Virat fixes the marked price of a bag 28 above its cost price What should be the approximate percent...........

Quant (SSC) Profit and loss

Virat fixes the marked price of a bag 28% above its cost price. What should be the approximate percentage of discount allowed to gain 6%?

17%

15%

13%

19%

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Explanation:

Let the C.P. of a bag be Rs. 100.
∴ Marked price = Rs. 128
And S.P. = Rs. 106
∴ Discount % = M.P. – S.P./M.P. x 100
= 128 – 106 /128 × 100 = 17.1875%
∴ Discount % ≈ 17%
Thus, Virat should allow a discount of approximately 17% to gain 6% profit.