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The marked price of an article is Rs. 5000 but due to festive offer a certain percent of discount is declared. Mr. x availed this opportunity and bought the article at reduced price. He then sold it at Rs. 5000 and thereby made a profit of $$11\frac{1}{9}$$%. The percentage of discount allowed was ?
Answer & Solution
Correct Answer:
Option
A
We find a percentage value of so we take or not take real value does not matters
% Profit = $$11\frac{1}{9}$$% = $$\frac{1}{9}$$
$$\frac{{1\,\, \to \,\,{\text{Profit}}}}{{2\,\, \to \,\,{\text{CP}}}}$$
So, SP = 10
Means in previous at the time of beginning the discount is 1 unit in 10 units MP
So, discount is = $$\frac{1}{10}$$ × 100 = 10%
% Profit = $$11\frac{1}{9}$$% = $$\frac{1}{9}$$
$$\frac{{1\,\, \to \,\,{\text{Profit}}}}{{2\,\, \to \,\,{\text{CP}}}}$$
So, SP = 10
Means in previous at the time of beginning the discount is 1 unit in 10 units MP
So, discount is = $$\frac{1}{10}$$ × 100 = 10%
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