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    Question

    A vendor vended an item at a price 40% higher than its

    cost. If he had set the item's price at 60% above the cost, calculate the discount percentage given by the vendor when selling the item.
    A 20.5% Correct Answer Incorrect Answer
    B 25.5% Correct Answer Incorrect Answer
    C 12.5% Correct Answer Incorrect Answer
    D 50% Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the item be Rs. 100x. Selling price of the item = 100x × 1.4 = Rs. 140x Marked price of the item = 100x × 1.6 = Rs. 160x Discount percentage = {(160x – 140x)/160x} × 100 = 12.5%

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