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Vinit fixes the marked price of a shoe 28% above its cost price. What should be the approximate percentage of discount allowed to gain 6%?1. 15%2. 16%3. 17%4. 14%5. 19% |
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Answer» Correct Answer - Option 3 : 17% Given: M.P = 28% above C.P Gain = 6% Formula Used: Discount% = (M.P – S.P)/M.P × 100 Calculations: Let the C.P of the shoes be 100. ∴ M.P = 28% of 100 ⇒ 128 S.P = 6% of 100 ⇒ 106 ∴ Discount% = (M.P – S.P)/M.P × 100 ⇒ (128 – 106)/128 × 100 ⇒ 17.18 ≈ 17% The discount allowed to gain 6% is 17%. |
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