A trader marked the selling price of an article at 60% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. He allowed a discount of :  Answers
A) 10 %
B) 10.5 %
C) 6.8 %
D) 12.5 %
E) None
Sol.   Let C.P. = Rs. 100. Then, Marked Price = Rs. 160, S.P. = Rs. 99.   ∴ Discount % = [11/160 * 100] % = 6.8 %   Answer 6.8 %
<result>C</result>
A trader marked the selling price of an article at 60% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. He allowed a discount of :