Q96. Selling price of an article = Rs 624, shopkeeper incurred a loss of 22%. He marks the same article at 30% above cost price a…

Question

Q96. Selling price of an article = Rs 624, shopkeeper incurred a loss of 22%. He marks the same article at 30% above cost price and gets a profit of Rs 84. Find the discount percentage.

1. A. 7.5%
2. B. 5%
3. C. 20%
4. D. 10%
5. E. 15% (Correct answer)

Correct Answer

Option E — 15%

Detailed Solution & Explanation

The correct answer is 15%.

Key Points

• SP=624 at 22% loss → CP = 624/0.78 = 800. MP = 800×1.30 = 1040.
• Actual SP = 800+84 = 884.
• Discount = 1040–884 = 156.
• Discount% = (156/1040)×100 = 15%.