A shopkeeper fixes the marked price of an item 100% above its cost price. What percentage of discount on marked price should be allowed to gain 2%?
- ((a))
48%
- ((b))
50%
- ((c))
47%
- ((d))
49%
Show Answer
49%

Shortcut Trick
⇒ CP = 100
⇒ MP = 200 (100% above)
⇒ Required SP for 2% profit = 102
⇒ Discount% = (200 − 102) ÷ 200 × 100
⇒ = 98 ÷ 200 × 100 = 49%
∴ Answer = 49%

Alternate Method
Given:
⇒ Marked price is 100% above CP
⇒ Profit = 2%
Assume:
⇒ CP = 100
Calculation:
⇒ MP = 100 + 100 = 200
⇒ SP for 2% profit = 100 + 2 = 102
⇒ Discount = MP − SP = 200 − 102 = 98
⇒ Discount% = (98 ÷ 200) × 100
⇒ = 49%
∴ Final Answer: 49%

Additional Information
1. Marked Price: MP = CP + Markup%
2. Profit Formula: SP = CP × (1 + Profit%)
3. Discount Formula: Discount% = (MP − SP) ÷ MP × 100
4. Shortcut: Assume CP = 100 for fast calculation






















































