SSC GD 2024 PYQ — Question 56

The correct answer is option 3 i.e. 21.42 percent.

The cost price (C.P.) of the article = ( C).

the marked price (M.P.) is:

⇒ M.P. = C + 0.40C = 1.40C

The selling price (S.P.) is 10% more than the cost price:

⇒ S.P. = C + 0.10C = 1.10C

Discount = M.P. - S.P. = 1.40C - 1.10C = 0.30C

Discount Percentage = $\left( \frac{\text{Discount}}{M.P.} \right) \times 100$ = $\left( \frac{0.30C}{1.40C} \right) \times 100$

Discount Percentage = $\frac{0.30}{1.40} \times 100 = 21.42\%$