Correct option is A
Given
Marked Price (MP) is 50% above the Cost Price (CP)
Profit earned is 10% of CP
Formula Used:
Discount percentage is given by:
Discount Percentage=MPMP−SP×100
Solution:
Let the CP be 100.
Then, MP =
100×100150=150 Profit is 10% of CP ;
So, SP =
100×100110=110 Now,
Discount % =
150150−110×100=15040×100≈26.67% Thus, Discount % is 26.67%.