QA – Placement Quizzes | Profit and Loss | Question 11

Cost Price of a shirt is Rs 400. Shopkeeper prints a tag on it with Markup% = 20% to earn a profit of 7.5%. How discount % shopkeeper offered on the shirt?

(A) 10.60 %
(B) 10.20 %
(C) 10.42 %
(D) 10.48


Answer: (C)

Explanation: Discount% = (Discount/MP).100 = 50*100/480 = 10.42%

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