The marked price of a trouser is four times the cost price. To earn 64 percent profit, what should be the discount percentage?
Answer & explanation
Correct answer: option 4
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%