A shopkeeper purchased an air conditioner for ₹24,000. He marks it for ₹30,000. He sells it to a customer at a discounted price and still earns a profit of 9%. What is the rate of discount given by the shopkeeper to the customer?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 12.8%.
Selling price(SP) = Cost price(CP) × (1 + Profit%/100)
SP = 24000 × (1 + 9/100) = 24000 × 1.09 = ₹26160
Discount = Marked price(MP) - SP
⇒ 30000 - 26160 = ₹3840
Discount% = Discount/MP × 100
Discount% = 3840/30000 × 100 = 12.8%