The marked price of an article is 20% above the cost price. After allowing x% discount on the marked price, a shopkeeper loses 10%. What is the value of x?
Answer & explanation
Correct answer: option 4
Let the cost price of the article= 100
Markup = 20%
Then the marked price of the article = 120
Loss = 10% means,
Selling price = 90% of the cost price = 90
Discount = 120 - 90 = 30
Discount % = 30 × \(\frac{100}{120}\) = 25%