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The printed price of an article is 40% higher than its cost price. Then the rate of discount so that he gains 12% profit is:

A) 0.21
B) 0.18
C) 0.2
D) 0.15

Correct Answer:



C) 0.2

Description for Correct answer:

Let cost price = Rs.100

Printed price = 100 + \( \Large \left(100 \times \frac{40}{100} \right) = Rs.140 \)

Selling price = \( \Large 100 \times \left(\frac{100+12}{100}\right) = Rs.112 \)

Therefore, Discount percent = \( \Large \frac{140 - 112}{140} \times 100 \)

= \( \Large \frac{28}{140} \times 100 = 20\% \)

Part of solved SSC Practice test(1) questions and answers : Exams >> SSC Exams >> SSC Practice test(1)

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