Question

A manufacturer marked a product 30% above its cost price. He provided a discount to a customer, which resulted in him making a profit of 17%. What was the rate of discount given by the manufacturer?

• A. 10%
• B. 12%
• C. 14%
• D. 15%

Answer 1

Answer:

A. 10%

Let the Cost Price (CP) be ₹100.

• Marked Price (MP) = 30% above CP

$\text{MP} = 100 + 30$ = ₹130

• Profit = 17%

So, Selling Price (SP) =

100 + 17 = ₹117

Now, the discount is applied on the marked price:

$\text{Discount} = 130 - 117$= ₹13

$\text{Discount \%}=\frac{13}{130}\times100=10\%$

Answer:

$\boxed{10\%}$