Multiple Choice Questions on Shopkeeper marked the selling price of an article at 12 above the cost price At the time of selling ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Shopkeeper marked the selling price of an article at 12 above the cost price At the time of selling ...........

Quant (SSC) Profit and loss
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    Shopkeeper marked the selling price of an article at 12% above the cost price . At the time of selling , he allow certain discount and suffer a loss of 2%.Find the discount percentage

    12%

    Incorrect Answer

    12.25%

    Incorrect Answer

    12.5%

    Correct Answer

    13%

    Incorrect Answer
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    Explanation:

    Let CP = 100
    MP = 112
    SP = 98
    Discount percentage = ([112 – 98]/112)×100
    = (14/112)×100 = 12.5%

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