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Discussion :: Profit and Loss

  1. Mahesh marks an article 15% above the cost price of Rs. 540. What must be his discount percentage if he sells it at Rs. 496.80?
    2. A.
    18%
    B.
    21%
    C.
    20%
    D.
    19%
    E.
    None of these

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    Workspace

    View Answer

    Answer : Option C

    Explanation :

    CP = Rs. 540, MP = 540 + 15% of 540 = Rs. 621

    SP = Rs. 496.80, Discount = 621 - 496.80 = 124.20

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