The marked price of an article is 60% more than its cost price. What should be the discount (in %) offered by the shopkeeper so that he earns a Profit of 12%?
A12
B25
C30
D24
Answer:
C. 30
Read Explanation:
Let CP of the article = Rs. 100
MP = Rs. 160
Profit = 12%
SP = 112
Discount given = 160 - 112 = 48
Discount% = 48100/160 = 30%