NIELIT Scientific Assistant A 2020 November: 25

Question

A businessman purchases an item at a certain price and marks its price up by $30\%$. He sells the item at a certain discount on markup price and makes a net profit of $4\%$ on the whole transaction. Find the discount given by businessman on markup price.

• A. $10$
• B. $15$
• C. $26$
• D. $20$

Answer 1

Let he purchased an item @ Rs.100

Marked price = Rs. 130

We know that

Marked price - Discount = Selling price

ATQ

130 - 130*x % = 104

130 - 13x/10 = 104

x= 20

another way

Discount = MP - SP = 130-104 = 26

now w.r.t to marked price (26/130) ×100 =20

 

therefore option D