Question
Download Solution PDFThe marked price of mustard oil is 25% more than its cost price. At what percentage less than the marked price should it be sold to have no profit and no loss?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The marked price of mustard oil = 10% more than its cost price
Concept Used:
Discount Percentage = (MP - SP)/MP * 100
Calculation:
Let the cost price of mustard oil be Rs 100x.
So, Marked price = 100x + 25% of 100x
Marked price = 100x + 25x
= 125x
For no profit, no loss, Selling price = Rs 100x
Excess price = 125x - 100x
= 25x
Discount percentage offered on MP = (Excess Price / MP) × 100
Discount percentage offered on MP = (25x / 125x) × 100
⇒ 20%
Therefore, the discount percentage offered on the market price to have no profit and no loss is 20%.
Last updated on Jul 9, 2025
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