Mahad marks an article 15% above the cost price of Rs. 540. What must be his discount percentage if he sells it at Rs. 496.80?
Q1. Mahad marks an article 15% above the cost price of Rs. 540. What must be his discount percentage if he sells it at Rs. 496.80?
Answer: 20%
Explanation: MP = 540 × 1.15 = Rs.621; discount = 621 − 496.80 = Rs.124.20; discount% = 124.20/621 × 100 = 20%.