Question

The cost price of a toy is Rs. 225. The marked price is twice of the cost price. What will be the discount offered to get profit of 56% on the sale of the toy? 
 

• A. 30%
• B. 20%
• C. 33%
• D. 22%
• E. 28%

Hint:

Discount is always calculated on the Marked Price.

Answer 1

The Correct Option is D

Step 1: Calculating Marked Price:
CP = Rs. 225
Marked Price = \(2 \times CP = 2 \times 225 = Rs. 450\)

Step 2: Calculating Selling Price for Desired Profit:
Profit = 56% of CP
\[ SP = CP + 56\% \text{ of } CP = 225 + \frac{56}{100} \times 225 \]
\[ SP = 225 + 126 = Rs. 351 \]

Step 3: Calculating Discount:
Discount = MP - SP = \(450 - 351 = Rs. 99\)
Discount % = \(\frac{99}{450} \times 100 = 22\%\)