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1. In the Bargaining Bazar everyone purchase with a fair bargaining, so the traders markup the prices too much. A trader marked up an article at Rs. M expected huge profit if it is sold on marked price. But a customer purchased it at $\frac{M}{2}$ with his fine bargaining skills, so the expected profit of the trader diminished by 66.66%. What is the percentage discount fetched by the customer through bargaining?

A. 33.33%

B. 50%

C. 60%

D. 66.66%

Solution:

\begin{aligned} MP = M \\ SP = \frac{M}{2} \\ % Discount \\ = \frac{\frac{M}{2}}{M} \times 100 \\ = 50 % \end{aligned}

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