An article is sold for 10 percent profit. The value of discount given is equal to the (3/11) of the selling price. Cost price of the article is how much percent less than its marked price?
Show answer & explanation
Correct answer: A
Explanation
Let SP = ₹110
CP = ₹100
Discount = 3/11 × 110 = ₹30
MP = 110 + 30 = ₹140
Difference between MP and CP = 140 - 100 = 40
Percentage reduction = 40/140 × 100 = 28.57%