A) 60
B) 40
C) 37.5
D) Depends on the cost price
Correct Answer: C
Solution :
Assume the cost price to be ` 100. Therefore, the merchants marked price will be 100 + 60% of 100 = ` 160 Now, the merchant offers a discount on the market price. The discount results in the merchant selling the article at no profit or loss or at the cost price. That is the merchant has sold the article at ` 100. Therefore, the discount offered = ` 60 Discount offered is usually measured as a percentage of the marked price. Hence, discount percentage\[=\frac{60}{160}\times 100\]\[=37.5\,%\]
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