Practicing Success
The marked price of a trouser is four times the cost price. To earn 64 percent profit, what should be the discount percentage? |
55 percent 62 percent 65 percent 59 percent |
59 percent |
Let cost price = X , Marked Price = 4X If Profit is 64% , Then selling price = \(\frac{164}{100}\)X Selling price = 1.64X Now , Discount% = \(\frac{MP-SP}{MP}\) × 100% Discount% = \(\frac{4X-1.64X}{4X}\) × 100% = 59% |