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The marked price of an item is twice the cost price. For a gain of 15%, the discount should be:

a) 7.5%
b) 20.5%
c) 32.5%
d) 42.5%

Answer: d
Explanation: Let CP = Rs. 100
MP = Rs. 200
Gain = 15%
SP = 100 + 15% of 100 = Rs. 115
Discount = 200 – 115 = 85
% Discount = $$\frac{{85 \times 100}}{{200}}$$  = 42.5%

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