If the cost price of an item is $$\frac{5}{9}$$ of its marked price and the profit is 20% , then the percentage of discount is = ?
A. 20%
B. $$63\frac{1}{3}$$%
C. $$70\frac{1}{3}$$%
D. $$33\frac{1}{3}$$%
Answer: Option D
Solution (By Examveda Team)
let the Marked price of product = 900∴ cost price will be = 900 × $$\frac{5}{9}$$ = 500
Profit = 20%
Selling price will be = 500 + 20% of 500 = 600
Discounted value = 900 - 600 = 300
Discount % = $$\frac{{100 \times 300}}{{900}} = 33\frac{1}{3}\% $$
This Question Belongs to Arithmetic Ability >> Profit And Loss
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