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%?
- AOption (a)
48%
- BOption (b)
50%
- COption (c)
47%
- DOption (d)
49%
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Correct answer
49%
Why this answer is correct
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









