Deepak marks the price of his table 60% above the cost price. He gives some discount on it and earns profit of 15.2%. What is the discount percentage?
1). 36.4
2). 28
3). 44.8
4). 38.9
Let the cost price be Rs. 100
Marked price = 100 + 60% of 100 = Rs. 160
Profit = 15.2% of 100 = Rs. 15.2
Selling price = 100 + 15.2 = Rs. 115.2
Now,
Discount = 160 – 115.2 = Rs. 44.8
∴ Discount % = (44.8/160) × 100 = 28%