The marked price of an article is ₹10,927. Due festive season, a certain percentage of discount is declared. Raju buys an article at reduced price and sells it at ₹109,27, and makes a profit of 11.5%. What was the percentage discount offered?

10.3%

11.5% =  \(\frac{23}{200}\) = \(\frac{Profit}{CP}\) 

SP of raju = 200 +23 = 223

If, 223x = 10927

Then, 200x = 9800 = CP of raju

MP= 10,927

Discount percentage =  \(\frac{(10,927 - 9800 ) × 100}{10,927}\) =  10.3%