Cost ₹800, marked price ₹1,200. What maximum discount still gives at least 20% profit on cost?
A16⅔%
B20%
C33⅓%
D25%
Answer & Solution
Correct answer: B. 20%
The minimum acceptable sale is ₹960; the largest discount is ₹240 out of ₹1,200, or 20%.
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