Correct option is A
Given:
Marked Price(MP) = 2 times Cost price(CP)
Formula Used:
Profit % =
Discount% =
Solution:
Let the CP be 100.
Now, to gain 20%
SP = 120
As we know MP = 2 CP = 200
Discount % =
Thus, Discount% = 40 %
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Question
The marked price of a shirt is twice of the cost price. To earn a gain of 20 percent, what should be the discount percentage?
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