A manufacturer marked a prodict 30% above its cost price. He provided a discunt to a customer, which resulted in him marking a profit of 17%. What ws the rate of discount given by the manufacturer?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 10%.
Let Cost Price = ₹100
Marked price = 30% above CP
MP = ₹130
Profit = 17% → Selling price
SP = ₹117
Discount = MP − SP = 130 − 117 = ₹13
Discount % = × 100 = 10%