Difficulty: Medium
Correct Answer: 16.66 %
Explanation:
Introduction:
Here, the selling price (SP) simultaneously equals CP increased by profit% and MP reduced by discount%. Equating these two expressions and using the given ratios yields the required discount%.
Given Data / Assumptions:
Concept / Approach:
SP = CP * (1 + profit%) = MP * (1 − discount%). Solve for t and compute discount% = 2t.
Step-by-Step Solution:
2k * (1 + 3t/100) = 3k * (1 − 2t/100)2 + 0.06t = 3 − 0.06t0.12t = 1 ⇒ t = 8.333... ⇒ discount% = 2t = 16.666...%
Verification / Alternative check:
Plugging back gives identical SP from both sides, confirming consistency.
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
16.66 %
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