Correct Answer: 16.66 %
Explanation:
Let the MP = Re. 1 per kg then
Initially :
Weight = 100 kg
MP = Rs. 100
Rate = 1 Rs / kg.
Finally :
Weight = 96 kg
MP = Rs. 96
Rate = 80 / SP = 80/96
Effective discount = 1- 80 / 96 = 16 / 96
% discount = [(16 / 96) ]x 100 = 16.66 %
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