A man sells a bicycle at marked price which is 30% higher than the cost price. I

Question

A man sells a bicycle at marked price which is 30% higher than the cost price. If he gives some discount and sells it at Rs. 150 less than the marked price, he would still gain 20%. What is the percentage of discount offered ?

Options:

A . 7.69%

B . 1.83%

C . 7.54%

D . 7.23%

Answer: Option A

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