The marked price of an article is ₹10,927. Due festive season, a certain percentage of discount is declared. Raju buys an article at reduced price and sells it at ₹109,27, and makes a profit of 11.5%. What was the percentage discount offered?
ATQ- Let the cost price =100 then 111.5=10927 Cost price of Raju = 10927 x (100/111.5) The cost price of Raju = 9800 Discount = 10927-9800 =1127 Discount% = (1127/10927) × 100 10.31 ≈ 10.3% The percentage discount offered was 10.3%
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