Mathematics · Profit and Loss
Having initially set the advertised price of a specific smartphone at a 20 percent premium over its cost price, a distributor subsequently offered a discount such that the smartphone sells at its original cost price. What was the discount percentage?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 110 percent
- 215 percent
- 320 percent
- 416.67 percent✓
Correct answer
16.67 percent
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