The marked price of an article is 20% more than its cost price. What maximum discount percentage can be offered by the shopkeeper to sell his article so that there is no loss?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 16.66%.
Let CP = 100
MP = 100 + 20 = 120
The shopkeeper wants to sell the article without any loss.
So, SP = CP = 100
Discount = 120 - 100 = 20
Discount percentage = (20/120) × 100 = 16.666...% = 16.66% (approx)