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An article of cost price Rs. 8,000 is ma...

An article of cost price Rs. 8,000 is marked at Rs. 11,200. After allowing a discount of x% a profit of 12% is made. The value of x is

A

`21%`

B

`20%`

C

`22%`

D

`23%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Identify the given values - Cost Price (CP) = Rs. 8000 - Marked Price (MP) = Rs. 11200 - Profit Percentage = 12% ### Step 2: Calculate the Selling Price (SP) To find the Selling Price when a profit of 12% is made, we use the formula: \[ \text{Selling Price (SP)} = \text{Cost Price (CP)} + \text{Profit} \] Profit can be calculated as: \[ \text{Profit} = \frac{\text{Profit Percentage}}{100} \times \text{Cost Price (CP)} \] Calculating the profit: \[ \text{Profit} = \frac{12}{100} \times 8000 = 960 \] Now, substituting back to find SP: \[ \text{SP} = 8000 + 960 = 8960 \] ### Step 3: Calculate the Discount The discount can be calculated using the formula: \[ \text{Discount} = \text{Marked Price (MP)} - \text{Selling Price (SP)} \] Substituting the values: \[ \text{Discount} = 11200 - 8960 = 2240 \] ### Step 4: Calculate the Discount Percentage (x%) The discount percentage can be calculated using the formula: \[ \text{Discount Percentage (x)} = \left( \frac{\text{Discount}}{\text{Marked Price (MP)}} \right) \times 100 \] Substituting the values: \[ x = \left( \frac{2240}{11200} \right) \times 100 \] Calculating the percentage: \[ x = \left( \frac{2240 \div 112}{11200 \div 112} \right) \times 100 = \left( \frac{20}{100} \right) \times 100 = 20 \] ### Final Answer The value of x is **20%**. ---
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