Q38
A man sells a bicycle at marked price which is 30% higher than the cost price. If he gives some discount and sells it at Rs. 150 less than the marked price, he would still gain 20%. What is the percentage of discount offered ?
A.
7.69%
AnswerB.
1.83%
C.
7.54%
D.
7.23%
Answer: Option A
Solution
Answer: Option A
Solution:
\begin{gathered} \begin{array}{*{20}{c}} {{\text{Cost price}}}&{{\text{Selling price}}}&{{\text{Marked price}}} \\ {10}&{}&{13} \\ {5 \times 2}&{6 \times 2}&{} \end{array} \hfill \\ {\text{ }}\overline {\,\,\,10{\text{ units}}\,\,\,\,\,\,\,\,\,\,\,\underbrace {12\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,1{\text{3 unit}}}_{{\text{discount = 1}}}} \hfill \\ \end{gathered}